Oil Prices Likely to Rise , Warns PM
In his recent address to the nation, the prime minister said the government is making every effort to keep the country’s economy stable despite the challenging regional situation. He acknowledged that the war in the Middle East could significantly impact energy supplies and fuel prices.
Shehbaz Sharif also announced that the government plans to provide relief to citizens through austerity measures, using funds saved from reduced government expenditures to support the public during the difficult period.
The prime minister emphasized that Pakistan’s economy, agriculture, industries, and transport sector heavily depend on oil and gas supplies coming from the Gulf region. Given these realities, the government has taken important but difficult decisions to manage the potential energy crisis.
Meanwhile, provincial governments in Punjab, Khyber Pakhtunkhwa, and Balochistan have also announced measures aimed at controlling the energy crisis and ensuring efficient use of resources.