Govt, SBP form committee to monitor economic situation

March 05, 2026 (MLN): The federal government has constituted a high-level committee comprising key federal ministries and the State Bank of Pakistan to monitor evolving regional developments and their potential economic implications, particularly on energy supplies and global commodity markets.

The development was shared by Finance Minister Muhammad Aurangzeb during a meeting with Jane Marriott at the Finance Division today, according to the press release.

According to the Finance Ministry, the committee will undertake daily stock-taking of critical sectors and review supply chains, global price movements, and potential disruptions in petroleum products, crude oil, coal, and gas.

It will also assess the broader implications for inflation, external accounts, and financial stability.

Aurangzeb said the government is conducting scenario planning and sensitivity analysis in case the regional situation persists, while noting that Pakistan currently maintains adequate reserves and supply arrangements.

Authorities are also reviewing energy conservation measures and coordinating with provincial governments to ensure prudent resource management while avoiding unnecessary market panic.

During the meeting, the finance minister also briefed the British envoy on Pakistan’s ongoing economic reform agenda and engagement with the International Monetary Fund under the current programme.

He said the government remains committed to meeting programme benchmarks and advancing structural reforms in tax policy, revenue mobilization, governance and institutional transparency.

Aurangzeb added that Pakistan’s macroeconomic indicators are showing signs of stabilization, noting that economic growth in the first quarter of the current fiscal year reached 3.7%, supported by improvements in large-scale manufacturing and resilience in the agriculture sector.

Marriott reaffirmed the United Kingdom’s continued support for Pakistan’s economic reform efforts and highlighted the importance of promoting investor confidence, particularly in sectors such as mining and minerals development.

Both sides also exchanged views on strengthening Pakistan-UK economic cooperation and maintaining coordination on economic and development priorities.

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