ISLAMABAD, June 19, 2026: The Islamabad Industrial Association has said that the recent Iran–US agreement and the resulting decline in global crude oil prices could provide relief to Pakistan’s economy, particularly by reducing production and energy costs for industry and consumers.
In a statement issued in Islamabad, President of the Islamabad Industrial Association Omais Khattak said lower international oil prices are expected to reduce fuel-related costs for manufacturing, transport, and trade sectors, while also helping ease inflationary pressure.
He said the government should immediately pass on the benefit of falling global oil prices to the public by reducing petroleum product prices further. He added that lower fuel costs could support industrial activity, improve export competitiveness, and increase overall business confidence.
Industry urges tax relief on fuel prices
The association urged authorities not to offset global relief through increases in petroleum levy or other taxes, saying that such measures would reduce the benefit for consumers and industry.
The statement said reduced energy costs would improve purchasing power and help stabilize production expenses for industrial units already facing high input costs.
Trade opportunities with Iran highlighted
The industrial body also pointed to potential regional trade opportunities following easing tensions and sanctions-related developments involving Iran. It said improved conditions could strengthen Pakistan’s role as a regional transit and trade hub.
It added that Pakistan’s industrial sector is prepared to cooperate with the government to expand trade and support economic stability in the region.
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