Lahore: Federal Minister for Petroleum Ali Pervaiz Malik announced that Pakistan has successfully navigated severe energy challenges stemming from a six-month disruption around the Strait of Hormuz. Speaking to reporters at the 29th convocation of the University of Management and Technology in Lahore, the minister highlighted that the government successfully protected domestic economic stability against soaring international oil and gas prices. Rather than employing unsustainable broad-based relief, Pakistan is providing subsidized petrol at pre-crisis rates to over 12 million deserving individuals through a targeted relief program. This strategic shift has capped the government’s financial burden at approximately Rs25 billion per month, averting the heavy foreign exchange losses experienced by neighboring countries.
Thank you for reading this post, don't forget to subscribe!The high-profile university convocation, which conferred 4,363 degrees and honored dozens of top-performing scholars, also featured an address by Balochistan Chief Minister Mir Sarfraz Bugti emphasizing national solidarity. Chief Minister Bugti dispelled narratives of regional division, stating that the people across all four provinces share mutual affection and that terrorism should never be attributed to any specific ethnic group. He specifically lauded Punjab for demonstrating inter-provincial harmony by yielding an additional financial share to Balochistan under the National Finance Commission Award. Reaffirming educational support, the university administration also announced an additional Rs100 million in scholarships for Balochistan students, building upon Rs572 million in financial aid distributed over the last decade.
