Shafaqna Pakistan: Prime Minister Shehbaz Sharif on Thursday announced that a major reduction in petroleum prices would be unveiled, attributing the decision to improved regional conditions following recent diplomatic progress.
Addressing the National Assembly, the prime minister said the Islamabad Memorandum of Understanding marked a significant achievement for Pakistan, stating that the country’s international reputation had improved and its role was being acknowledged globally.
He congratulated the nation and called for a unanimous parliamentary resolution to recognise the development, saying it would reflect unity, national cohesion and collective solidarity.
Shehbaz Sharif added that Pakistan had been granted respect and recognition by the Almighty, describing such moments of national honour as rare occasions in history that should be met with gratitude.
The prime minister praised Field Marshal Asim Munir for playing a key role in finalising the Islamabad agreement through persistent efforts and leadership. He also commended Deputy Prime Minister Ishaq Dar and Interior Minister Mohsin Naqvi for their contributions.
He revealed that he recently held a telephone conversation with Iranian President Masoud Pezeshkian, who expressed gratitude for Pakistan’s role in facilitating peace efforts. The Iranian president, he added, has been invited to visit Pakistan soon.
Shehbaz Sharif said Pakistan and Iran share deep fraternal ties, adding that parliamentary and diplomatic engagement will continue to strengthen bilateral relations. He also confirmed that a Pakistani delegation will attend the funeral of the late Iranian leader Ayatollah Khamenei.
The prime minister said the ceasefire between Iran and the United States is expected to boost regional economic stability, while also leading to a decline in global oil prices.
He noted that Pakistan had provided a subsidy of 128 billion rupees from its own resources to stabilise fuel prices during earlier volatility. He added that the weekly fuel pricing mechanism will be announced, expressing confidence that prices will come down further.
Shehbaz Sharif further acknowledged the role of friendly countries including China, Saudi Arabia, Qatar, Türkiye and Egypt in supporting the peace process, saying the development reflects a historic moment of national pride for Pakistan’s 240 million people.
Source: Dunya News
