New York: Pakistan has raised concerns about the closure of the Strait of Hormuz and its potential global economic impacts. The country’s Permanent Representative to the United Nations, Asim Iftikhar Ahmad, addressed the issue during a High-Level Open Debate of the UN Security Council, emphasizing the potential ramifications for developing nations.

According to Radio Pakistan, Ambassador Ahmad highlighted that the ongoing crisis could significantly affect the procurement of vital resources such as oil, gas, and fertilizers. These disruptions, he noted, could lead to increased inflation, hinder economic growth, and create challenges in managing current account and balance of payments for many countries. He warned that developing nations would bear the brunt of these economic consequences.

Ambassador Ahmad also underscored Pakistan’s diplomatic initiatives aimed at de-escalating tensions between the United States and Iran. Supported by countries like China, Saudi Arabia, Turkiye, and Egypt, Pakistan has been at the forefront of efforts to promote stability through dialogue and diplomacy. Ahmad reaffirmed Pakistan’s commitment to pursuing peaceful resolutions and continued diplomatic efforts to address the situation.