ISLAMABAD, Nov 03 (APP):Federal Minister for Petroleum Ali Pervaiz Malik and Bangladesh's Advisor on Finance Rashed Al Mahmud Titumir discussed the evolving global energy situation, its impact on international energy markets, and measures to address fuel supply challenges on Tuesday. During a meeting, both sides discussed their strategies to manage the unprecedented energy crisis, ensure uninterrupted fuel supplies and reduce the impact of rising uncertainty in energy markets on their …
Pakistan, Bangladesh discuss energy security, measures to tackle crisis
ISLAMABAD, Nov 03 (APP):Federal Minister for Petroleum Ali Pervaiz Malik and Bangladesh’s Advisor on Finance Rashed Al Mahmud Titumir discussed the evolving global energy situation, its impact on international energy markets, and measures to address fuel supply challenges on Tuesday.
During a meeting, both sides discussed their strategies to manage the unprecedented energy crisis, ensure uninterrupted fuel supplies and reduce the impact of rising uncertainty in energy markets on their economies, according to a press release.
Ali Pervaiz Malik briefed the Bangladeshi advisor on Pakistan’s efforts to secure fuel supplies amid challenging global circumstances.
He also shared details of the government’s initiatives, including targeted fuel subsidies, to provide relief to the public while managing the impact of the crisis.
Rashed Al Mahmud Titumir shared the steps taken by Bangladesh to ensure fuel security and address emerging challenges.
He said the current crisis had brought energy security to the forefront of policymaking. He stressed the need to make it a central part of national energy strategies.
He also highlighted the importance of diversifying energy sources and supply routes to strengthen resilience against global disruptions.
The Bangladeshi advisor appreciated Pakistan’s diplomatic efforts to de-escalate the conflict involving Iran.
He said de-escalation was essential for global economic stability, as the crisis was affecting economies and energy markets worldwide.
He also appreciated Pakistan’s efforts to secure LNG cargoes from Qatar through the Strait of Hormuz despite challenging circumstances.
The petroleum minister described the situation as an unprecedented energy crisis.
He stressed the importance of preparedness, diversification and regional cooperation in dealing with global energy disruptions.
He expressed Pakistan’s willingness to share its experiences and lessons with Bangladesh to help it manage the energy crisis and strengthen energy security.
Both sides stressed the importance of continued engagement and sharing experiences to address common energy challenges and build greater resilience against future global supply disruptions.
