Body formed to monitor oil volatility amid Iran-Israel war says Pakistan has adequate petroleum stocks

A committee formed In response to the evolving geopolitical situation following Israel’s recent attack on Iran and the resulting volatility in the international oil markets held its first meeting on Monday, wherein it expressed satisfaction that Pakistan currently holds adequate stocks of petroleum products. According to a Finance Division statement, the committee chaired by Finance Minister Muhammad Aurangzeb conducted a detailed assessment of the global and domestic petroleum market situation and noted that there is no immediate risk of supply disruption. Nonetheless, the committee’s members emphasised the need for continued vigilance given the rapidly changing regional context. To ensure timely response and effective coordination, a working group will monitor developments on a daily basis, and the committee will meet weekly to review the situation and submit recommendations to the prime minister.