Prime Minister Shehbaz Sharif said on Thursday that the US-Iran temporary ceasefire is currently in place, but the war has created significant hurdles for regional economies, including Pakistan.
The prime minister made these remarks while addressing a federal cabinet meeting in Islamabad. Iran has largely shut the Strait of Hormuz to ships apart from its own since the United States and Israel launched their bombing campaign two-and-a-half months ago, causing the biggest ever disruption to global energy supplies. The US paused the bombing last month but added a blockade of Iran’s ports.
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In his opening remarks at the meeting of the federal cabinet earlier in the day, the prime minister highlighted that the government’s economic team had made collective efforts over the past two years, which were coming to fruition, ensuring stability and preventing the need for rationing.
