THE risks to Pakistan’s fragile economic recovery from the US-Israel war on Iran cannot be dismissed. Yet the ultimate scale of the damage will depend largely on how the conflict unfolds in the days and weeks ahead. If the war drags on and energy prices remain elevated, Pakistan could once again find itself facing the kind of macroeconomic stress that has repeatedly disrupted its growth trajectory. At the centre of these concerns is the country’s vulnerability to global energy markets due to its...