Shahbaz Sharif Image: Reuters/ File Photo
With the speed with which tensions are increasing between Iran and America, serious concerns are emerging about its possible impact on Pakistan. Experts are warning that if the talks fail, it could have serious economic and social consequences for Pakistan.
In an interview with ANI, senior Karachi-based journalist Shams Kerio said that the ongoing talks, which mainly focus on Iran’s nuclear program, have been weakened by recent events. These incidents also include alleged military action during the negotiation process. Questioning the credibility of such talks, he asked what is the guarantee that such action will not happen again in future.
‘Attack on Pakistan’s economy’
Kerio stressed that war is not a solution and urged both sides to return to the negotiating table. “Issues can only be resolved through dialogue, not confrontation,” he said, adding that Iran wanted credible assurances to rebuild confidence in the process.
Focusing on Pakistan, Kerio warned that any breakdown in talks could put further pressure on the country’s already fragile economy. He pointed out that Pakistan’s dependence on regional trade and oil imports makes it highly vulnerable to any kind of disruption, which could lead to inflation and economic instability.
Threat of a major global conflict
He also highlighted structural challenges, including huge government spending and limited fiscal reserves. According to him, to control inflation, especially in times of crisis, strict fiscal management and expenditure cuts are extremely important.
He said rising fuel prices would disproportionately affect the poorest sections of the society. “People living on daily wages are already struggling. If petrol prices rise further, the problem of food insecurity and unemployment will become even more serious,” he said, adding that agriculture and industry were already under pressure due to rising costs.
Kerio warned that if the conflict went on for a long time, it could spread beyond the region; Countries like Russia and China may also join in, increasing the risk of a major global conflict.
“If the war continues, Pakistan’s economy could collapse completely due to lack of financial reserves and weak fiscal accountability,” he warned, adding that the burden would fall most heavily on civilians.
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