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Iran War's Pakistan Impact: Shahbaz's Ambition Crumbles Amidst Economic Crisis, 60% Vehicles Grounded
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Pakistan's Economic Crisis Deepens: 60% Government Vehicles Grounded Amidst Austerity Drive
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News18
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30-03-2026, 17:29
Pakistan's Economic Crisis Deepens: 60% Government Vehicles Grounded Amidst Austerity Drive
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Pakistan's Prime Minister Shahbaz Sharif attempted to mediate in the Iran-Israel tensions while his country faced severe economic distress.
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A high-level meeting on March 30, 2026, revealed Pakistan is in an 'economic coma', forcing drastic austerity measures.
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The government has banned 60% of its vehicles due to a lack of funds for fuel, signaling a state of near-bankruptcy.
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Development budgets have been drastically cut, sacrificing future growth to address immediate financial woes.
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Despite claims of relief for common citizens, these measures are expected to worsen inflation and administrative efficiency.
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