Pakistan’s role averted oil shock: Iqbal

NAROWAL:

Federal Minister for Planning Ahsan Iqbal said that if the Iran-US war had continued, oil prices would have risen above Rs 600 per liter and the economies of 193 countries would have collapsed.

“Today Pakistan’s leadership is not only a benefactor of Pakistan but of 193 countries,” Iqbal said on Sunday while addressing a ceremony at a private college in Narowal, his hometown.

The minister referred to Pakistan’s role as a mediator that convinced the warring parties to agree to a ceasefire on April 8 after a conflict that lasted nearly 40 days.

Without naming the PTI, Iqbal said “a political party” used to tell people that Pakistan had been ruined, while a certain leader – Imran Khan – would begin his speeches by declaring the country ruined.

“But today, the same Pakistan has crushed India’s ambitions in the fight for truth, and from Australia to the United States, Pakistan is being talked about all over the world,” he added.

Iqbal said that if world leaders are praising a country today, it is Pakistan.

“The world recognizes Pakistan’s excellent diplomacy. Under the leadership of Prime Minister Shehbaz Sharif and Field Marshal Syed Asim Munir, Allah has raised Pakistan’s flag across the globe,” he said. “If you look at history, when the PML-N has come to power, the stature of Pakistan has risen.”

The federal minister further said that the country has made progress in all sectors under the PML-N leadership. He noted that PML-N President Nawaz Sharif defied global pressure and carried out nuclear tests in 1997, making Pakistan’s defenses impregnable.

“Had the Iran war continued, oil prices would have crossed Rs. 600 per litre. Had oil prices reached such levels, the economies of 193 countries would have collapsed. Today Pakistan’s leadership is not only a benefactor of Pakistan but of 193 countries,” he added.

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