US maritime escalation deals $2bn blow to Pakistans exports

Maryam Nawaz
Press TV, Islamabad

Recent official data from Pakistan reveals that the US-led maritime friction in the Red Sea and adjoining waters has dealt a devastating two-billion-dollar trade blow to Pakistan.

The Western-driven geopolitical escalation has effectively choked critical shipping corridors, causing an unprecedented surge in Pakistan’s trade deficit as hundreds of cargo vessels remain stranded.

Here’s a report on how developing economies are paying the ultimate price for Washington’s destabilizing military adventurism.

 


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