Top Leadership Holds High-Level Meeting to Tackle Severe Energy Crisis Amid Iran Conflict

President Asif Ali Zardari, Prime Minister Shehbaz Sharif, and Army Chief Field Marshal Asim Munir gathered with senior officials on Thursday for a closed-door meeting focused on the country’s escalating energy challenges, triggered by the ongoing conflict in West Asia.

The session, described as tense with limited discussion visible in circulating footage, took place in a formal setting featuring Pakistani flags. Leaders reviewed the impact of disrupted oil supplies through the Strait of Hormuz, surging global petroleum prices exceeding $100 per barrel, and the resulting strain on Pakistan’s import-dependent economy.

Pakistan has faced sharp fuel cost increases in recent days, including a tripling of the levy on high-octane fuel from Rs100 to Rs300 per litre, a 200% hike approved by Prime Minister Sharif. This measure, aimed at luxury vehicles, seeks to ease pressure on public transport and government resources while addressing broader shortages.

Earlier adjustments had already raised petrol and diesel prices significantly, contributing to inflation concerns in the fragile economy.The meeting follows recent high-level consultations chaired by the prime minister on Middle East developments, national security, and energy strategies. Officials are exploring conservation measures, such as reduced working hours and fuel rationing, alongside contingency plans to maintain essential supplies.

Pakistan has also positioned itself diplomatically, expressing readiness to host talks between the United States and Iran to help resolve the regional conflict. Prime Minister Sharif has publicly stated that Islamabad stands prepared to facilitate meaningful negotiations, with Army Chief Munir involved in related outreach efforts.No immediate announcements emerged from Thursday’s gathering, but sources indicated ongoing briefings, including a planned session between the prime minister and the president.

Analysts warn that prolonged disruptions in Gulf oil flows could worsen Pakistan’s current account deficit and force further economic adjustments.