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Home Southern Asia Pakistan

US-Iran temporary truce holds but war strains Pakistan economy: PM Shehbaz

by Asia Today Team
May 15, 2026
in Pakistan
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Prime Minister Shehbaz Sharif mentioned on Thursday that the US-Iran momentary ceasefire is presently in place, however the conflict has created vital hurdles for regional economies, together with Pakistan.

The prime minister made these remarks whereas addressing a federal cupboard assembly in Islamabad.

Iran has largely shut the Strait of Hormuz to ships aside from its personal since the USA and Israel launched their bombing marketing campaign two-and-a-half months in the past, inflicting the most important ever disruption to world power provides. The US paused the bombing final month however added a blockade of Iran’s ⁠ports.

In his opening remarks on the assembly of the federal cupboard earlier within the day, the prime minister highlighted that the federal government’s financial crew had made collective efforts over the previous two years, which have been coming to fruition, making certain stability and stopping the necessity for rationing.

PM Shehbaz known as for concerted nationwide efforts to rework Pakistan into an financial energy, urging the identical degree of dedication and resilience that enabled the nation to realize its standing as a accountable nuclear state.

“It is a lengthy and tough journey. Nonetheless, nations that decide to going through and overcoming their challenges are those that finally meet with success,” he remarked.

In regards to the celebrations of the primary anniversary of Marka-e-Haq on Might 10, he mentioned {that a} yr in the past, Almighty Allah had blessed the nation with grandeur as a result of skilled excellence of the armed forces and nationwide unity.

“The forces, with utmost valour, taught the enemy a lesson they’d always remember,” the prime minister remarked.

Looking forward to the upcoming Youm-e-Takbeer on Might 28, the prime minister emphasised that the nation remembered that day because the second Pakistan achieved an impregnable defence in 1998.

He underscored that Pakistan’s nuclear belongings have been strictly for deterrence and defence, not offence that has earned the nation world recognition as a accountable nuclear state.

PM Shehbaz paid wealthy tribute to the “heroes” of Pakistan’s nuclear journey, particularly crediting Zulfikar Ali Bhutto for initiating this system and Nawaz Sharif for its profitable conclusion.

He additionally lauded the very important roles performed by scientists, politicians, and nationwide establishments in reaching this milestone.

Referring to the martyrdom of Liaquat, a resident of Attock, who was martyred after he confronted a suicide bomber, the prime minister mentioned the federal government had posthumously conferred Sitara-e-Shujaat to recognise his sacrifice.

The sacrifices rendered by Pakistan within the combat in opposition to terrorism are unmatched, he added.

Later, the members of the federal cupboard provided fateha for the martyred souls who laid down their lives in numerous terror-related incidents throughout the nation.



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Tags: economyholdsPakistanShehbazstrainstemporaryTruceUSIranwar

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