Pakistan's government is evaluating fuel conservation plans amidst rising crude oil prices, fueled by escalating Middle East tensions. The surge in international oil rates poses a significant challenge, threatening to deplete the country's already strained foreign exchange reserves. This economic pressure could also impact Pakistan's import bill and overall fiscal stability. This situation could intensify pressure on the USD/PKR exchange rate, potentially leading to higher local gold prices.
بحوالہ / Source: www.dawn.com