Pakistan Avoids Energy Crisis With Targeted Fuel Subsidies

Federal Minister for Petroleum Ali Pervaiz Malik stated that Pakistan has managed severe energy challenges caused by a six-month disruption around the Strait of Hormuz.

The minister noted that the government protected domestic economic stability despite rising international oil and gas prices by implementing a targeted relief program.

Pakistan is providing subsidized petrol at pre-crisis rates to over 12 million individuals, rather than offering broad-based relief.

This approach has limited the government’s monthly financial burden to approximately Rs25 billion, avoiding heavy foreign exchange losses seen in neighboring countries.

The minister made these remarks during a speech at the 29th convocation of the University of Management and Technology in Lahore.

The event also included an address by Balochistan Chief Minister Mir Sarfraz Bugti, who emphasized national unity and rejected narratives of regional division.