ME Tensions Strain Developing Economies, Pakistan

SAFCO Founder Dr. Suleman G Abro stated that escalating Middle East tensions and economic crises are significantly pressuring developing economies, including Pakistan. He noted that ordinary citizens bear the burden of rising inflation, unemployment, and poverty, underscoring the need for financial institutions to expand their social and developmental roles. This geopolitical instability and economic strain could increase safe-haven demand for gold and potentially impact the USD/PKR rate due to Pakistan's economic vulnerabilities.

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