Andy Burnham has taken office as the new UK Prime Minister, pledging a 10-year plan to address Britain's cost of living crisis and reindustrialise the nation. He faces a tepid economy, high borrowing costs, and global instability. Burnham highlighted unpredictable energy prices due to a potential US-Iran war and volatile relations with the United States under a possible Donald Trump presidency as significant challenges. These geopolitical risks and commodity price volatility could support safe-haven demand for gold and influence crude oil rates, potentially impacting Pakistan's import bill and currency stability.
بحوالہ / Source: www.brecorder.com