Pakistan's industry shrinks 4.7% as Hormuz energy costs rise

Oil price news today in Pakistan points to a sharp slowdown: GDP grew 2.0% in April-June as costly energy and disrupted LNG supply hit industry.

Pakistan's economy grew 2.0% in the quarter ended June, the fourth quarter of FY2026, official data showed.

Growth was more than twice as slow as the 4.42% recorded in January to March and below the 3.5% economists expected.

Industry contracted 4.7% in the quarter, while agriculture and services grew by more than 3.5%.

Pakistan bought LNG on expensive spot markets after relying on Qatar for 99% of supply last year.

The LNG importer's head warned of possible natural gas shortages this winter while Hormuz flows stay disrupted.

Read the full story