Federal Minister Ahsan Iqbal has said it is difficult to predict how quickly oil prices will rise over the next two to three months.
Speaking at a press conference in Islamabad with the Prime Minister’s Adviser and Senator Rana Sanaullah, he said the global economy was under heavy pressure. He added that oil prices were rising in countries around the world.
Ahsan Iqbal said the government understood how rising oil prices affected ordinary people. However, the world was facing an emergency situation, and the future pace of price increases remained uncertain.
What did the government discuss with Jamaat-e-Islami?
The federal minister said a Jamaat-e-Islami delegation had met Prime Minister Shehbaz Sharif to discuss the issue.
He said the government had explained its difficulties to the delegation. Jamaat-e-Islami also shared its suggestions during the meeting.
Ahsan Iqbal said the government did not want to take any irresponsible steps while dealing with the situation.
What steps are being considered to control oil prices?
The minister said Field Marshal Asim Munir had started diplomatic efforts to reduce tensions in the region. These efforts aim to ease regional tensions and help bring oil prices down.
He added that both sides had agreed to form a committee with three members from each side. The committee will review all the proposals and work on a final plan.
‘Pakistan eyes lasting partnership with Netflix’
Previously, Ahsan Iqbal announced that Pakistan was in talks with major international streaming platforms, including Netflix, to promote Pakistani films and TV dramas worldwide.
In a post on X, the minister said Pakistani productions were popular with audiences around the world.
He added that the creative and cultural industry was a key part of the government’s export strategy under Uraan Pakistan.
Ahsan Iqbal said regional politics had limited the visibility of Pakistani content on major streaming platforms.
He said Pakistani films and dramas deserved greater exposure to international audiences.
The government is working with Netflix and other global streaming services to improve the representation of Pakistani content and create lasting opportunities for local creators, he added.
