Govt using all resources to manage current crisis, says Finance Minister

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday told the National Assembly that the government is deploying all available resources to effectively manage the ongoing crisis.

He said the government acted swiftly in response to the emerging regional situation by forming a high-level committee over the weekend, chaired by Shehbaz Sharif, to proactively handle any critical developments in the country. The committee includes key cabinet members, such as the ministers for petroleum, commerce, maritime affairs, national food security, as well as the Governor of the State Bank of Pakistan.

Aurangzeb highlighted the pivotal role of the Petroleum Minister in coordinating efforts to ensure supply stability. He noted that daily stock-taking meetings have been held since early March to assess availability, pricing patterns, logistical challenges, and evolving global market conditions.

The finance minister added that diplomatic efforts have also been intensified, with state-level engagements aimed at ensuring smooth supply management and maintaining market stability.

“Daily reviews have been ongoing for five consecutive weeks, with both the Prime Minister and Deputy Prime Minister personally overseeing the process through dedicated committees,” he said, emphasizing the government’s commitment to proactive crisis management.