Pakistan has articulated profound apprehensions regarding the closure of the Strait of Hormuz, warning that if the associated crisis persists, it would precipitate severe economic ramifications globally, particularly for emerging economies. Should the vital waterway remain inaccessible, the immediate impact on oil, gas, and essential commodity procurement, such as fertilisers, alongside their escalating pricing trends, is projected to cascade into wider inflationary pressures, stunted growth, and critical current account and balance of payments difficulties.
According to an official report today, these serious concerns were voiced by Pakistan”s Permanent Representative to the United Nations, Asim Iftikhar Ahmad, during a High-Level Open Debate convened by the UN Security Council.
Ambassador Ahmad further noted Pakistan”s proactive diplomatic role in mitigating tensions, stating that his nation, bolstered by support from friendly states including China, Saudi Arabia, Turkiye, and Egypt, has spearheaded constructive endeavours aimed at de-escalation and fostering broader stability between the United States and Iran.
Reaffirming its unwavering conviction in the efficacy of diplomacy and dialogue, Pakistan pledged to consistently pursue all feasible actions to achieve these objectives.