Shehbaz Reviews National Economy Amid Global Tensions

March 7, 2026 Diplomats World

Prime Minister Muhammad Shehbaz Sharif chaired a high-level review meeting on March 7, 2026, assessing the impact of recent global tensions on Pakistan’s economy.

Prime Minister Directs Savings-Based Economic Action Plan Development

The meeting provided a briefing on the international economic environment and its regional effects, emphasizing the importance of safeguarding the national economy against external pressures. The Prime Minister instructed the relevant committee to develop an action plan centered on economic growth, efficiency, and prudent savings.

Highlighting the need for practical and actionable measures, the Prime Minister directed the committee to present feasible recommendations within 48 hours. The plan is intended to minimize the financial burden on citizens while prioritizing public relief as a key component.

Officials briefed the Prime Minister on the committee’s progress, which had been formed last week to monitor global developments and devise responsive measures. The Prime Minister underscored that, despite international economic pressures, there has been no shortage of petroleum products in the country.

PM Orders Relief-Focused Plan To Counter Economic Pressures

In a recent adjustment, the prices of petroleum products were increased based on the committee’s recommendations, ensuring that the global price surge had the least possible impact on consumers. The Prime Minister emphasized that the committee should continue its work actively and submit simple, practical proposals that directly benefit the public.

Shehbaz Sharif issued a firm directive to immediately shut down any petrol stations or companies found involved in artificial shortages or hoarding. Licenses of such entities are to be revoked, and legal action initiated without delay.

In addition, the Prime Minister instructed the Finance Minister and Petroleum Minister to conduct visits to all four provinces. They are tasked with collaborating with provincial authorities to develop a comprehensive plan for the conservation of petroleum products and their uninterrupted supply to citizens.

Shehbaz Sharif Calls For Practical Measures To Protect Citizens

The meeting reflects the government’s proactive approach to mitigating the economic impact of global uncertainties. By combining fiscal prudence with public relief measures, the Prime Minister aims to protect citizens from external pressures while maintaining stability in essential commodity supplies.

This initiative highlights the administration’s commitment to transparency and accountability. The Prime Minister emphasized that economic strategies should not only respond to market challenges but also ensure fairness, accessibility, and relief for the population.

PM Shehbaz Sharif Orders Economic Action Plan Amid Global Tensions

Through these measures, the government seeks to strengthen national economic resilience amid ongoing global volatility, reaffirming its commitment to both growth and citizen welfare.