Pakistan cuts fuel prices and lifts austerity measures after US-Iran MoU | TheBriefWire
Pakistan cuts fuel prices and lifts austerity measures after US-Iran MoU
Published 24 June 2026 ยท world
Pakistan is cutting fuel prices and lifting emergency austerity measures introduced in March, citing relief brought by the US-Iran memorandum of agreement and the reopening
Pakistan is cutting fuel prices and lifting emergency austerity measures introduced in March, citing relief brought by the US-Iran memorandum of agreement and the reopening of the Strait of Hormuz.
The easing of sanctions on Iran also revives a long-stalled gas pipeline project connecting Iran's South Pars field to the Pakistani city of Nawabshah, some 780 kilometres from the Iranian border.
Islamabad is additionally looking to expand trade with Tehran and use Iranian transit routes to access Central Asian markets. Al Jazeera's Kamal Hyder reports from Islamabad, Pakistan.
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Published: June 24, 2026 โข 3:17 PM IST ยท Updated: June 24, 2026 โข 4:11 PM ISTBy TheBriefWire Editorial Team
Key pointsยท Video
Pakistan is cutting fuel prices and lifting emergency austerity measures introduced in March, citing relief brought by the US-Iran memorandum of agreement and the reopening of the Strait of Hormuz.
The easing of sanctions on Iran also revives a long-stalled gas pipeline project connecting Iran's South Pars field to the Pakistani city of Nawabshah, some 780 kilometres from the Iranian border.
Islamabad is additionally looking to expand trade with Tehran and use Iranian transit routes to access Central Asian markets.
Al Jazeera's Kamal Hyder reports from Islamabad, Pakistan.
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