ARY Group Set To Acquire Digital Platform Nukta
March 2, 2026
PM Shehbaz Sharif has formed a high-level panel to monitor oil price shocks and economic risks.
In response to heightened instability in global oil markets, Prime Minister Shehbaz Sharif has created a high-powered committee comprising 18 members to evaluate the potential economic fallout for Pakistan.
As outlined in an official directive, the panel will be led by Finance Minister Muhammad Aurangzeb and includes senior representatives from economic, energy and regulatory institutions. Among its members are federal ministers, top bureaucrats, the central bank leadership and other relevant stakeholders tasked with assessing market developments.
The committee’s mandate includes reviewing international crude price trends, analysing forward market indicators and determining how sustained price increases could influence Pakistan’s external financing needs, fiscal planning and energy security. It will also formulate policy options aimed at cushioning domestic markets from volatility and ensuring consistent fuel supply nationwide.
The body has been instructed to convene daily and present updates directly to the prime minister. Administrative coordination will be managed by the Petroleum Division.
Global oil benchmarks have experienced significant swings in recent days amid escalating geopolitical tensions, intensifying concerns over supply stability and the security of key maritime energy corridors.
