Pakistan has secured enough energy supplies to meet demand through November 2026, Finance Minister Muhammad Aurangzeb said on October 17, while warning about the economic risks of attacks on Gulf energy infrastructure.
Speaking to AFP during the IMF–World Bank annual meetings in Bangkok, Aurangzeb said Pakistan had managed the immediate effects of higher energy prices without widespread fuel shortages or queues.
Winter preparations
The government is preparing for higher winter demand. Aurangzeb said Pakistan would avoid expensive spot liquefied natural gas cargoes unless there was an urgent need. His statement about supplies through November should not be interpreted as a guarantee for the entire winter.
Gulf risks
Attacks on energy facilities in Saudi Arabia and other Gulf countries could disrupt supply chains and raise international prices. Pakistan’s dependence on imported energy makes such shocks relevant to its import bill and domestic costs.
The next test is whether supplies remain adequate and affordable as demand rises. Procurement decisions will have to balance the expense of emergency purchases against the risk of shortages.
Sources: Dawn/AFP, October 17; Express Tribune/AFP.