In Islamabad, Prime Minister Shehbaz Sharif has formed an 18-member high-level committee to review the impact of rising global oil prices and their potential economic consequences. The decision was taken in light of current global developments and volatility in energy markets.
According to the official notification, Finance Minister Muhammad Aurangzeb will serve as the convener of the committee. The body includes the Minister for Petroleum, the Minister for Energy, the Minister of State for Finance, secretaries of various ministries, the Governor of the State Bank, the Chairman of the Federal Board of Revenue, the Chairman of the Oil and Gas Regulatory Authority, and other senior officials to ensure comprehensive deliberations.
The notification states that the committee will assess the impact of global tensions and possible war scenarios on Pakistan’s economy. It will also closely monitor oil supply and prices to respond promptly to any emerging crisis.
The committee has been directed to formulate an effective strategy to ensure an uninterrupted petroleum supply and to evaluate the potential economic effects in the event of prolonged conflict or sustained global instability.
