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 · 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 • 3:17 PM IST · Updated: June 24, 2026 • 4:11 PM ISTBy TheBriefWire Editorial Team
Key points· 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.
Find us on Check our website Check out our Instagram page Download AJE Mobile App
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