Pakistan PM Sharif warns of risk to economy amid renewed West Asia tensions

Pakistan PM Shehbaz Sharif warned that renewed West Asia tensions could adversely affect the national economy.

Sharif directed authorities to maintain full preparedness to tackle potential challenges from regional uncertainty.

He chaired a meeting reviewing the impact of US-Iran conflict on Pakistan's economy and was presented with a report on austerity and cost-cutting measures.

Sharif called for adopting a culture of frugality nationwide, citing public support in a previous austerity drive launched in March 2026.

He stated that the economy is currently stable, and a comprehensive strategy will be formulated for timely measures if needed.