Shehbaz Sharif has called for coordinated efforts between the federal and provincial governments to prioritise resources and provide relief to vulnerable segments amid the ongoing global oil crisis.
Speaking at a high-level meeting attended by key officials and provincial leadership, the prime minister stressed the need to cut non-essential development spending and redirect funds towards public welfare, transport, and agriculture.
He noted that the country’s economy is facing significant pressure due to the international situation, which has disrupted energy markets and slowed progress towards economic growth.
Officials highlighted measures taken to maintain fuel supply routes and manage the crisis, along with earlier steps such as price adjustments and austerity initiatives to stabilise the economy.
The government also emphasised that substantial financial resources have been utilised in recent weeks to shield the public from rising costs, while reaffirming the need for collective decision-making to navigate ongoing economic challenges.
