ISLAMABAD ( WNAM REPORT ): Vice President and Spokesperson of the Federation of Realtors Pakistan, Rana Akram, has expressed deep concern over the negative impact of the ongoing tensions and war-like situation in the Middle East on both the global and domestic economy. He stated that instability in the region is increasing uncertainty in international markets, directly affecting oil prices, imports and exports, and investment trends.
He said that the Middle East is a key hub of global energy supply; therefore, any war or escalation in tensions there could lead to a surge in crude oil and gas prices. This would further increase inflationary pressure in import-dependent economies like Pakistan. Rising energy prices would drive up industrial production costs, which would ultimately lead to higher prices of essential commodities. He expressed hope that the situation would soon return to normal and that global trade would resume smoothly without further disruptions.
