Wednesday, April 1

Prime Minister Chairs High-Level Review Meeting on Mitigating Economic Impact of Regional Tensions

Prime Minister Chairs High-Level Review Meeting on Mitigating Economic Impact of Regional Tensions

Islamabad: April 1, 2026(News Desk): Prime Minister Muhammad Shehbaz Sharif chaired a high-level review meeting in Islamabad to assess and formulate a comprehensive strategy aimed at safeguarding Pakistan’s economy from the financial and economic impacts arising from the prevailing regional tensions. The Prime Minister noted that many countries around the world are currently facing challenges in maintaining the balance of supply and demand for essential commodities due to the evolving global situation. He expressed satisfaction that Pakistan has, by the grace of Allah, managed this situation effectively and successfully. He commended all relevant ministries and institutions for taking timely and effective measures to prevent any disruption in the supply and demand of essential goods. The Prime Minister also highlighted that progress is being made on a comprehensive strategy to export surplus food items after fulfilling domestic needs. Reaffirming the government’s commitment, the Prime Minister stated that all necessary steps will continue to be taken to ensure economic stability, growth, and public welfare.

In light of rising global prices, the Prime Minister directed the formulation of a medium- and long-term comprehensive strategy to mitigate financial and economic impacts on the country. He emphasized that this strategy should be developed through close coordination among all relevant ministries and institutions, keeping in view the stability and growth of all sectors of the economy. The Prime Minister further directed that effective measures be proposed to minimize the impact of increased production costs on exports and overall economic output. He also stressed the need to fully utilize available resources and opportunities to protect agricultural and industrial production from the adverse effects of the current economic challenges. During the briefing, it was shared that all relevant ministries and institutions are conducting daily assessments of the evolving situation and its economic implications, in line with the Prime Minister’s directives. The meeting reviewed ongoing efforts to develop a medium- and long-term policy framework to address the economic and financial challenges posed by the regional situation. The Prime Minister appreciated the coordinated measures taken so far and instructed that inter-ministerial cooperation be further strengthened. He also emphasized that the proposed strategy must ensure that the balance between production and supply-demand across all sectors of the economy remains unaffected. Despite the challenging circumstances, he expressed satisfaction over the continued stability in the supply and demand of essential commodities in Pakistan. The Prime Minister further directed that both external and internal macroeconomic factors be thoroughly evaluated while formulating the strategy.

The meeting was attended by Federal Minister for Planning Ahsan Iqbal, Federal Minister for Finance Muhammad Aurangzeb, Federal Minister for Power Sardar Awais Ahmad Khan Leghari, Federal Minister for Information and Broadcasting Attaullah Tarar, Federal Minister for Climate Change Musadik Malik, Federal Minister for National Food Security Rana Tanveer Hussain, Federal Minister for Petroleum Ali Pervaiz Malik, Federal Minister for Economic Affairs Ahad Khan Cheema, Special Assistant to the Prime Minister Haroon Akhtar, Governor State Bank Jameel Ahmad, and other senior officials.