ISLAMABAD:
Pakistan’s top civilian and military leaders on Thursday emphasized the need for national consensus and closer institutional coordination to address emerging regional challenges, as the country faces pressure from rising energy costs and geopolitical uncertainty.
A high-level consultative meeting chaired by President Asif Ali Zardari at Aiwan-e-Sadr reviewed the evolving economic and energy situation in the context of oil supply constraints, rising oil prices and regional security developments, according to a statement issued by the Presidency.
Prime Minister Shehbaz Sharif and Chief of Defense Forces and Chief of Army Staff Field Marshal Syed Asim Munir attended the meeting, along with senior cabinet members and economic officials.
Among the participants were Deputy Prime Minister Ishaq Dar, PPP Chairman and former Foreign Minister Bilawal Bhutto Zardari, Home Minister Mohsin Raza Naqvi, Finance Minister Muhammad Aurangzeb, Petroleum Minister Ali Pervaiz Malik, Economic Affairs Minister Ahad Khan Cheema and Finance Secretary.
The meeting reviewed fluctuations in global oil and gas supply and its impact on Pakistan’s economy, with special focus on controlling inflation and ensuring energy security.
The finance and oil ministers briefed participants on measures to stabilize oil prices, manage the indirect effects of rising fuel costs across all economic sectors, and enforce fiscal discipline through austerity measures aimed at reducing pressures on spending.
The broader regional situation was also discussed, including implications for security, economic prospects and food security of Pakistan. Participants agreed that economic management, energy planning, food security and broader security considerations must remain closely aligned to address future challenges.
The meeting underlined the importance of maintaining national consensus and strengthening institutional coordination, emphasizing that political decisions must prioritize stability while safeguarding public interests.
Officials also highlighted the need to carry out public awareness campaigns to reduce fuel consumption, encourage the use of public transport and promote ride-sharing systems.
