Pak at brink of lockdown? Iran war sparks inflation nightmare as Trump ally says, 'Austerity is...'

Pakistan’s Prime Minister Shehbaz Sharif addressed the nation amid a deepening economic crisis driven by soaring global energy prices. He highlighted government efforts to control fuel costs, noting petrol remains heavily subsidised despite rising international rates. Islamabad has introduced austerity measures, including cutting fuel use and shifting schools online, while urging public unity. Sharif also emphasized Pakistan’s diplomatic push for peace in the Middle East conflict, offering to mediate talks. As tensions escalate after US-Israel strikes on Iran and regional retaliation, Pakistan faces mounting economic pressure and inflation risks.