LAHORE: Prime Minister Shehbaz Sharif has indicated that petroleum prices in Pakistan will continue to decline gradually as the government intensifies its efforts to provide economic relief to citizens struggling with inflation and rising living costs.
The prime minister made these remarks during a meeting with senior Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Ahmad Hassan at Model Town in Lahore.
The meeting focused on Pakistan’s overall political and economic situation, government relief initiatives, and the impact of international developments on domestic markets.
During the meeting, Prime Minister Shehbaz Sharif reaffirmed his government’s commitment to easing the financial burden on ordinary citizens.
He stated that petroleum prices were being reduced gradually and indicated that further reductions could follow as economic conditions improve.
The prime minister emphasized that the government would continue introducing public relief measures to protect households from inflationary pressures.
He expressed optimism that ongoing economic initiatives would help improve living conditions and provide greater financial stability.
Khawaja Ahmad Hassan welcomed the government’s petroleum subsidy initiatives, describing them as an important step toward supporting citizens without discrimination.
He said millions of people were directly benefiting from these measures, which aimed to reduce the financial burden on households.
The PML-N leader further stated that billions of rupees had been allocated and distributed under public welfare initiatives.
Global Conflicts Behind Economic Instability
Prime Minister Shehbaz Sharif also addressed the impact of international conflicts on global economic conditions.
He explained that ongoing geopolitical tensions had created uncertainty in international markets, contributing to fluctuations in commodity prices and economic instability.
The prime minister expressed confidence that lasting global peace could help stabilize markets and improve economic conditions worldwide.
He stressed that Pakistan’s economy remained influenced by international developments, particularly changes in global energy prices.
Diplomatic Efforts Receive International Recognition
During the discussion, Khawaja Ahmad Hassan praised the diplomatic efforts of Prime Minister Shehbaz Sharif and Field Marshal Syed Asim Munir in supporting peaceful solutions to international conflicts.
ALSO READ: Major Relief for the Public: Petrol and Diesel Prices Reduced
He said their efforts had received considerable international appreciation.
