PM Shehbaz reiterates govt’s resolve to maintain economic stability
- Pakistan has adequate reserves of diesel, petrol, other petroleum products, meeting told
Prime Minister Muhammad Shehbaz Sharif on Sunday said the government will take all necessary steps to safeguard the interests of the people and maintain economic stability.
He said this while chairing a high-level meeting in Lahore regarding austerity measures across the country and stabilise the economy amid recent international tensions, the PM Office Media Wing said in a statement.
Addressing the meeting, the prime minister said it is important to ensure the prudent use of national resources and emphasised that once this challenging phase is passed and the economy is stabilised the government will provide maximum relief to the people.
He said that, in view of the recent international situation, timely implementation of measures is indispensable for the country’s economic stability.
PM Shehbaz said the government is constantly monitoring the situation and that all necessary decisions will be taken to provide maximum stability to the national economy.
Shehbaz stressed that all government employees and ministers must adopt austerity and simplicity.
He directed the federal cabinet, all elected representatives, and senior government officers at both federal and provincial levels to play their overwhelming role in providing relief to the people and ensuring the effective use of resources.
The prime minister said the burden of savings and simplicity should be shared fairly by everyone and particularly emphasised that the privileged and elite sections of society should set an example by enduring the necessary adjustments.
During the meeting, the premier was given a detailed briefing on recent global tensions and their possible economic impacts.
The briefing noted that the current regional situation may affect Pakistan’s economy, especially energy supply and global price fluctuations, and highlighted the proactive measures being taken by the government.
The meeting also emphasised that instructions regarding austerity, simplicity, and savings will not apply to the industry and agriculture sectors, so that the country’s production, exports, and food security remain unaffected.
The meeting was told that the country has adequate reserves of diesel, petrol, and other petroleum products, and that the government has made advance arrangements to handle any emergency.
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