Islamabad: The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) has expressed deep concern over the ongoing surge in global oil prices, warning that the situation poses a serious threat to Pakistan’s economic stability, industrial growth, and external balance. FPCCI President and BMP Chairman Mian Anjum Nisar said that the rise in oil prices amid Middle East tensions is already translating into higher inflation, increased cost of production, and mounting pressure on the country’s fragile economy. In a detailed statement, he noted that Pakistan, which imports a significant portion of its energy needs, is highly vulnerable to external shocks such as oil price spikes. “When international oil prices rise, it directly impacts our import bill, exchange rate, and overall inflation. This creates a chain reaction that affects every sector of the economy,” he said. Staff Reporter
