PM directs govt to adopt austerity for stability

March 09, 2026 (MLN): Prime Minister Shehbaz Sharif has reaffirmed the government’s commitment to protecting public interests and maintaining economic stability, stating that all necessary steps will be taken to safeguard the national economy amid evolving global challenges.

While chairing a high-level meeting in Lahore on Monday, the Prime Minister reviewed proposed austerity measures aimed at ensuring prudent use of national resources and minimizing the economic impact of recent international tensions.

During the meeting, the Prime Minister emphasized that responsible management of state resources is essential during challenging economic conditions.

He noted that once the current phase passes and economic stability is restored, the government will focus on delivering maximum relief to the public, according to the Radio Pakistan.

He stressed that timely and decisive implementation of economic measures is crucial in view of the prevailing international situation.

According to the Prime Minister, the government is closely monitoring global developments and remains prepared to take any necessary decisions to maintain stability in the national economy.

The Prime Minister also directed all government officials and ministers to adopt a policy of austerity and simplicity.

He instructed the federal cabinet, elected representatives, and senior officials at both federal and provincial levels to actively contribute toward public relief efforts and ensure efficient utilization of state resources.

Highlighting the need for shared responsibility, the Prime Minister stated that the burden of austerity should be distributed fairly across society.

He particularly urged the privileged and elite segments to lead by example by embracing necessary adjustments during this period.

Officials present at the meeting provided a detailed briefing on the evolving global situation and its potential economic implications.

The briefing indicated that regional developments could influence Pakistan’s economy, particularly through fluctuations in energy supplies and global commodity prices.

However, it also outlined the proactive steps being taken by the government to mitigate these risks.

The meeting further clarified that austerity and cost-saving measures would not apply to the industry and agriculture sectors to ensure that production, exports, and food security remain unaffected.

The Prime Minister was also informed that Pakistan currently holds sufficient reserves of petrol, diesel, and other petroleum products, and that advance arrangements have been made to manage any potential emergency situation.

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