Prime Minister Shehbaz Sharif has warned that escalating regional tensions, particularly between the United States and Iran, could negatively affect Pakistan’s economy if the situation continues to worsen.
The prime minister made the remarks while chairing a high-level meeting to review the possible economic impact of regional developments, assess ongoing austerity measures, and discuss government strategies to address potential challenges.
According to a statement issued by the Prime Minister’s Office, Shehbaz Sharif directed all relevant ministries and departments to remain fully prepared and formulate contingency plans to safeguard Pakistan’s economic stability in the event of further regional uncertainty.
He stressed the importance of continuously monitoring the evolving situation and taking proactive measures to protect the country’s economic interests.
During the meeting, the prime minister appreciated the cooperation shown by the public during previous energy conservation and austerity campaigns. He said public support had played a vital role in helping Pakistan navigate difficult economic conditions and expressed confidence that citizens would continue to cooperate if new challenges emerge.
Shehbaz Sharif stated that Pakistan’s economy has achieved greater stability due to prudent government policies and collective national efforts. However, he emphasized that a comprehensive action plan must remain ready to address any future economic pressures caused by geopolitical instability.
The prime minister also highlighted the government’s efforts to maintain uninterrupted fuel supplies across the country. He said timely decisions and effective planning had ensured adequate petroleum availability despite volatility in international energy markets.
He added that the government has introduced measures to reduce the impact of rising fuel prices on ordinary citizens, including motorcyclists, rickshaw drivers, and transport workers, through targeted financial support and subsidies.
The prime minister instructed authorities, in coordination with provincial governments, to take strict action against anyone involved in hoarding fuel, creating artificial shortages, or exploiting market conditions through illegal price increases.
Officials briefing the meeting informed the prime minister that Pakistan currently possesses sufficient petroleum reserves to meet national demand and that arrangements have been made to ensure uninterrupted future supplies.
The meeting was attended by senior cabinet members and officials, including Federal Ministers Ahad Khan Cheema, Muhammad Aurangzeb, Ali Pervaiz Malik, Awais Khan Leghari, Minister of State Bilal Azhar Kiani, Special Assistant Tariq Bajwa, State Bank Governor Jameel Ahmad, and other senior government representatives.
