In light of rising tensions in the Middle East and disruptions to LNG imports from Qatar, the Pakistani government has established an 18-member cabinet committee to monitor petroleum prices and ensure supply continuity. This committee, chaired by Finance Minister Muhammad Aurangzeb, is conducting daily assessments of petroleum stocks, international price movements, and potential impacts on the supply chain. They are exploring alternative sourcing options and assessing the resilience of both regional and international supply chains to mitigate risks associated with the closure of the Strait of Hormuz.
INTERNATIONAL
Pakistan Government Monitors Petroleum Stocks Amid Strait Of Hormuz Crisis
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The Pakistani government has activated a high-level committee to monitor petroleum stocks and global oil prices daily amid escalating tensions in the Middle East, particularly affecting LNG imports. Officials assure there is no immediate risk of fuel shortages despite the geopolitical challenges.
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