All of the economic gains of recent years, including the hard-won macroeconomic stability, could be erased if the situation in the Middle East continues to deteriorate. The SBP's latest half-yearly report, 'The State of Pakistan's Economy 2025-26', illustrates how all of the difficult economic repair work is being held hostage by the US-Iran War and its global economic fallout.

The data in the report for the first half of the fiscal year suggests the country was on track to grow at a reasonable rate of 3.8% - though still........

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