Economists fear trade disruptions.
ISLAMABAD -- Economists and businesspeople have voiced grave concerns over Israel-Palestine war, which may cause serious disruptions in regional and international trade and markets.
The Express Tribune approached economists and business leaders to get their inputs in the changing scenario where Israel had started killing innocent and unarmed civilians in Palestine, which could trigger a wider conflict in the Middle East and was frustrating the business community.
'When it comes to Israel-Palestine conflict, Pakistan may have to face the double whammy of price volatility and disruptions in crude oil supplies,' renowned economist Faizul Haq said.
'Pakistan needs to keep a close eye on the emerging scenario and the resultant volatility in international crude oil prices. The conflict is showing signs of expanding and engulfing the broader region, and crude has already climbed for a second week in a row as Brent...
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