Every Missile and Drone Fired in the Region Is Driving Oil Prices Up: Ahsan Iqbal
KARACHI (Daily Qudrat): Federal Minister for Planning Ahsan Iqbal has said that every missile and drone fired in the region is driving oil prices up. There is no government policy behind the rise in oil prices; Field Marshal Asim Munir’s diplomacy aims to defuse regional tensions so that oil prices can come down.
Speaking at a news conference alongside Federal Adviser Rana Sanaullah after a meeting with a Jamaat-e-Islami delegation, Federal Minister Ahsan Iqbal said that every missile and drone fired in the region also pushes oil prices up. This is not just a question of oil prices — the cost of oil transportation has also risen due to this tension.
Along with oil, gas supply has also been badly affected.
In these circumstances, every country is pooling its resources to secure its future, since a severe economic shock in any crisis can affect any economy. The government is aware of how the increase in oil prices affects the common citizen. Prime Minister Shehbaz Sharif is concerned about how to reduce the difficulties of the maximum number of affected people in the country.
Because no government policy is behind the oil prices; behind it is the global crisis that is beyond our control. To resolve this crisis, Pakistan is playing its diplomatic role. Earlier, Pakistan carried out diplomacy between the US and Iran, which the whole world appreciated; now again Field Marshal Asim Munir has begun the diplomatic process and brought the countries of the Makkah Pact together in Tehran, with the aim of defusing regional tensions and bringing oil prices down.
Ahsan Iqbal said that today we briefed the Jamaat-e-Islami delegation on the situation, and the JI delegation also gave suggestions which were given importance. The government and Jamaat-e-Islami have agreed on providing relief in oil prices; a committee will be formed to review expanding the scope of relief to the people on oil prices. Similarly, abolishing the levy in phases will also be considered in the next budget.
