ISLAMABAD: Prime Minister Shehbaz Sharif on Monday assured relief for lower- and middle-income groups as the government grapples with the impact of rising fuel prices triggered by the global energy crisis linked to the Iran war.
Chairing a high-level meeting to review petroleum stocks and public relief measures, the premier said the government was actively working to cushion the burden on vulnerable segments of society. He reiterated that “the economically weaker sections will not be left alone in this hour of difficulty.”
Officials briefed the meeting that a targeted relief scheme was being finalised in coordination with provincial governments, particularly focusing on motorcycle and rickshaw owners. The registration process for beneficiaries is being streamlined to ensure that subsidies reach the intended segments through a transparent and efficient mechanism.
The initiative follows the government’s earlier announcement of a subsidised fuel scheme aimed at easing the financial strain on daily wage earners and transport workers who are most affected by rising petroleum prices.
The prime minister also highlighted austerity measures introduced in recent weeks, including significant cuts in development spending, restrictions on non-essential expenditures, and a reduction of up to 60 per cent in the use of official government vehicles. He noted that these steps were part of a broader strategy to conserve fuel and manage economic pressures.
In a key decision, the government has opted against passing the full burden of rising global oil prices onto consumers, choosing instead to divert savings towards public relief initiatives. The premier added that a digital system would be deployed to ensure fair distribution of subsidies and minimise leakages.
The meeting was informed that Pakistan currently maintains adequate fuel reserves, with supply chains operating smoothly and no disruptions reported. Authorities are also making forward arrangements to secure future supplies in light of evolving global market conditions.
An audit report presented by the Intelligence Bureau reviewed the implementation of conservation measures and the progress of the ongoing austerity campaign. Officials noted that the recent increase in high-octane fuel prices for large vehicles had not impacted jet fuel prices, while sufficient stocks of essential medicines were also available across the country.
The discussion also covered Pakistan’s diplomatic outreach aimed at easing tensions in the Middle East, with the government maintaining that proactive engagement had helped stabilise both fuel availability and broader economic conditions during the ongoing crisis.
