Web Desk

ISLAMABAD: Pakistan&#39;s Prime Minister Shehbaz Sharif announced that proposals to raise oil prices had been rejected and that government savings would be redirected to citizens. According to an official statement from the Prime Minister&rsquo;s Office, PM Sharif chaired a high-level review meeting Monday on the effects of the Gulf crisis on petroleum supplies, current fuel reserves, and public relief measures. The prime minister said the government has cut its own expenditures, reduced the developmental budget, and immediately suspended 60% of government vehicles.&nbsp; Funds generated through these austerity measures have been allocated for public relief. Relief measures Relief measures will be delivered through the country&#39;s digital systems, the prime minister stated. He said that Pakistan&#39;s economically weaker segments would not be left without support during the current difficulty. According to the statement, further relief for lower- and middle-class citizens is being planned. Coordination with provincial governments is underway to fast-track ownership registration for motorcycle and rickshaw owners. This will enable them to benefit from potential relief programs, the PM was informed during the meeting. Officials told the PM that adequate fuel reserves are available to meet national needs and that procurement arrangements for the future are in place. A levy increase on high-octane fuel used in large luxury vehicles has not affected jet fuel prices, officials said. An audit report from the Intelligence Bureau on the progress of the prime minister&#39;s fuel savings measures and austerity campaign was presented to the meeting. Officials confirmed that&nbsp;implementation of the campaign is being actively enforced. The prime minister stated that despite the global crisis, no disruption in fuel supply has occurred. He said Pakistan is also pursuing diplomatic efforts toward regional peace. A separate briefing covered current medicine stocks, with officials confirming an ample supply is available to meet national needs. Suggestions on future courses of action were also presented to the meeting. The meeting was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Ministers Ahsan Iqbal, Attaullah Tarar, Dr Musadiq Malik, Ahad Khan Cheema, Syed Mustafa Kamal, Muhammad Aurangzeb, Ali Pervez Malik, Shaza Fatima Khawaja, Rana Mubashar Iqbal, and Sardar Awais Khan Leghari. Adviser to the Prime Minister Rana Sanaullah, Minister of State Bilal Azhar Kiani, Special Assistants Tariq Fatemi and Talha Barky, National Assembly members Engineer Qamar ul Islam, Riaz Hussain, and Hafiz Muhammad Numan and other senior officials also attended the meeting.

Prime Minister Shehbaz Sharif chairs a meeting to review implementation of fuel conservation and austerity measures in Islamabad on Monday, March 30, 2026. (PMO)

Economy

PM Sharif chairs emergency review as Islamabad draws on austerity savings to shield lower-income citizens from mounting fuel pressures.

Articles tagged with "gulf fuel crisis"

Pakistan cuts government spending, rejects oil price hikes amid Gulf oil crisis

Pakistan cuts government spending, rejects oil price hikes amid Gulf oil crisis