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Event Brief

Pakistan extends austerity drive after U.S., Iran fail deal

Pakistan extended a countrywide austerity drive after the U.S. and Iran failed to strike a deal.
WHO: Pakistan’s government
WHAT: Extended a countrywide austerity drive, including a 50% fuel allowance reduction for official vehicles
WHEN: May 12, 2026 at 1:51 AM ET
WHERE: Pakistan
WHY: No specific cause was reported.

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