PM Calls for Strategy Against Global Price Hikes Amid Tensions

Prime Minister Shehbaz Sharif has ordered authorities to develop a comprehensive strategy to address the economic fallout from rising international market prices. This directive came during a high-level meeting in Islamabad, where he emphasized the need for close coordination among all relevant ministries and institutions.

The prime minister instructed officials to propose measures that would mitigate the impact of increased production costs on exports and national output, while ensuring optimal use of resources for agriculture and industry. He noted that many countries are grappling with supply-demand imbalances for essential commodities but expressed satisfaction over Pakistan’s effective management of the situation.

PM Shehbaz highlighted ongoing efforts by relevant institutions to prevent shortages of essential items, calling for continued vigilance to protect public welfare. Officials informed the meeting about plans to boost exports after domestic needs have been met, aiming to strengthen the country’s external sector.

Reiterating his commitment to economic stability and growth, as well as relief for the public, PM Shehbaz praised the coordinated response from stakeholders in tackling financial challenges. He directed further strengthening of inter-institutional cooperation. The meeting also noted that ministries and institutions are conducting daily reviews of the evolving economic situation, considering ongoing tensions in the Middle East and their potential impact on global markets.