Fuel prices: Malik explains approach to challenge
- Says steps were being taken to ensure stability in the petroleum sector while keeping public relief at the center of policy decisions
ISLAMABAD: Federal Minister for Petroleum, Ali Pervaiz Malik on Sunday thanked the Prime Minister for backing the petroleum sector, stating that efforts were in progress to stabilise the prices and maintain balance, asserting that Pakistan’s situation was relatively stronger than many countries under global war-related economic stress.
While speaking to a local media channel, Federal Minister for Petroleum Ali Pervaiz Malik said that the government was prioritizing the common man as efforts continue to ease fuel price pressure. He stated that steps were being taken to ensure stability in the petroleum sector while keeping public relief at the center of policy decisions. He added that ongoing measures aimed to balance economic challenges with public needs and expressed confidence that continued reforms and support from the leadership would help maintain price stability and provide relief to consumers across the country.
READ MORE: Prices of diesel reduced, petrol’s left unchanged
He further stated that the country’s civil and military leadership, including the Field Marshal, Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar, merit recognition for their sustained diplomatic engagements and efforts to strengthen Pakistan’s international standing.
He added that such coordinated efforts were helping strengthen Pakistan’s position and contribute to overall national stability.
Ali further stated that Pakistan’s mediator role in the Middle East crisis had been widely appreciated across the world, adding that the entire nation was taking pride in the country’s diplomatic efforts. He noted that both the United States and Iran had shown some flexibility in their positions, which was a positive development.
The minister added that, however, both sides still needed to move towards a comprehensive and lasting peace agreement.
Expressing optimism, and hoped that the matter would be resolved soon through continued dialogue and diplomatic engagement.
He pointed out that countries like India, Bangladesh, and Sri Lanka had gone through tough economic challenges amid global and regional pressures, whereas Pakistan was currently maintaining a relatively stable position. He added that continued efforts and upcoming policy initiatives were expected to bring more relief to the public and improve overall economic conditions.
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