Breaking News: Pakistan faces severe oil crisis, govt cuts salaries and limits operations

Pakistan is facing a severe crisis as global oil supply disruptions, fueled by ongoing Gulf conflicts, hit the country hard. In response to skyrocketing fuel prices, the government led by Prime Minister Shehbaz Sharif has announced drastic cost-cutting measures. Federal ministers’ salaries have been suspended for three months, while lawmakers’ pay has been reduced by 25%. Non-essential government spending has been curtailed, including a freeze on new vehicles and furniture purchases. The shortage has forced offices to operate only four days a week, and 50% of government employees will work from home. Schools and colleges will remain closed for two weeks, and official events such as Iftar gatherings have been canceled. Fuel prices have surged sharply, with petrol reaching approximately PKR 336 per liter and diesel at PKR 321, triggering long queues and public distress. The rising oil costs are having a ripple effect across the economy, driving up the prices of essential commodities such as milk, now expected to reach PKR 320 per liter. The government has imposed additional restrictions on vehicle usage, with 60% of official cars grounded and the remaining operating at limited capacity. Citizens are struggling with shortages, inflation, and uncertainty over daily essentials, while authorities scramble to stabilize the situation during the holy month of Ramadan. The crisis underscores Pakistan’s vulnerability to international energy fluctuations and highlights the severe social and economic consequences of regional conflicts.