POLITICS & POLICY MAKING
On Saturday, May 9, 2026, PML-N President Nawaz Sharif convened a high-level meeting at Jati Umra to address the growing economic strain on the public following a significant hike in fuel prices. The meeting included Prime Minister Shehbaz Sharif, Punjab CM Maryam Nawaz, and Deputy PM Ishaq Dar.
A Record Spike in Fuel Costs
The discussion was sparked by the federal government's latest price revision, which saw petrol climb by Rs14.92 to a new high of Rs414.78 per litre, while high-speed diesel rose by Rs15 to Rs414.58.
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The Global Factor: Deputy PM Ishaq Dar briefed the elder Sharif on the external pressures driving these costs, specifically citing the ongoing U.S.-Iran conflict and its impact on global oil markets. This marks the fourth fuel price hike since hostilities began in February.
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Diplomatic Context: The leadership was also briefed on Pakistan's "behind-the-scenes" diplomatic role in facilitating the U.S.-Iran peace talks currently centered in Islamabad, which are seen as the primary hope for stabilizing regional energy prices.
Demanding Public Relief
Nawaz Sharif issued a clear directive to both the federal and Punjab governments to prioritize the "common man" over fiscal targets:
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Unified Strategy: He called for a synchronized policy between the federal government and the Punjab administration to mitigate the inflationary impact on citizens.
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Protecting the Vulnerable: Specific emphasis was placed on creating a "safety net" for low-income groups who are most affected by the rising costs of transport and essential goods.
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Political Focus: Beyond the economy, the leadership discussed strategy for upcoming elections in Azad Kashmir and Gilgit-Baltistan, signaling that the party is aware of how inflation might influence the polls.