A doomsday scenario is looming large for Pakistan as a victim of the war in the Middle East. The government, with a weak economic edifice not responsive to the dynamics of society, has little to do to ward off the upcoming storm of inflation and cash crunch triggered by the US-Iran conflict. Members of the National Assembly Standing Committee on Finance were informed at a briefing yesterday that exports could fall by 50%, remittances could shrink up to 40% and inflation could soar to 17%.

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