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Pakistan bleeds 76000 crore weekly as oil import bill surges after US Iran conflict
International
Published on 30 April 2026
Oil costs jump fast from 300 to 800 million
Pakistan’s Prime Minister Shehbaz Sharif warned the cabinet that the US-Iran conflict has reversed two years of economic gains. He said the oil import bill has surged from about $300 million to $800 million, deepening debt pressures. Sharif urged unified action and said diplomatic mediation should continue to stabilize the situation.
- US-Iran tensions are blamed for a sharp hit to Pakistan’s economy
- Oil import bill reportedly jumps from $300 million to $800 million
- Sharif says progress is being reversed within two years
- Government urges coordinated steps and continued diplomatic mediation
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times