A high-level committee led by Finance Minister Muhammad Aurangzeb convened in Islamabad on Monday to assess Pakistan’s petroleum reserves and pricing strategy, amid rising tensions in the Middle East following Israel’s recent strike on Iran.
Officials from the Ministry of Finance and Petroleum Division reviewed the impact of global oil price fluctuations driven by the unfolding regional conflict. The committee noted that Pakistan currently holds adequate petroleum reserves, with no immediate threat to supply.
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However, the meeting emphasised the need for close observation of international developments and their economic fallout. A dedicated working group has been formed to monitor market trends on a daily basis.
The committee will now meet weekly and submit policy recommendations to the Prime Minister. The Petroleum Division will serve as the secretariat to ensure swift coordination and response.
