Pakistan, June 21 -- Pakistan on Saturday withdrew emergency fuel conservation and austerity measures imposed during the US-Iran conflict, a day after slashing fuel prices by up to Rs74 per liter following a peace agreement between Washington and Tehran that eased pressure on global oil markets.

The measures were introduced after the conflict erupted in late February, disrupting energy supplies and shipping through the Strait of Hormuz, a critical artery for global oil trade, and driving up oil prices for import-dependent countries such as Pakistan.

In a notification, the Cabinet Division said Prime Minister Shehbaz Sharif had approved the immediate withdrawal of the restrictions.

"The Prime Minister has been pleased to approve the ter...