Prime Minister Shehbaz Sharif has constituted an 18-member high-level committee to oversee the impact of rising international oil prices on the country’s economy in the wake of the US-Israel attack on Iran.
According to a notification issued by the Prime Minister’s Office on Monday, the committee has been formed after international oil prices showed an upward trend amid the evolving regional situation. The prime minister constituted the body to monitor price volatility and devise a mitigation strategy for Pakistan’s economy, the notification said.
Oil prices soared and stocks fell in Asia on Monday after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East.
