Pakistan imposes sweeping austerity measures to combat rising fuel costs

Pakistan's government unveiled a series of austerity measures on Thursday aimed at conserving fuel and energy as international oil prices climb due to escalating conflict in the Gulf region. The measures include significant cuts to fuel allocations for official vehicles, a suspension of state vehicle purchases, and restrictions on overseas travel by government officials. The administration also banned official dinners and receptions as part of the broader effort to reduce expenditure during the energy crisis. The announcement reflects growing concern in Islamabad over the fiscal impact of volatile global energy markets on Pakistan's already stretched budget. Officials have indicated the measures will remain in effect until fuel prices stabilize and supply concerns ease. The austerity package represents one of the most aggressive cost-reduction initiatives in recent months, signalling the government's determination to protect foreign exchange reserves and maintain economic stability amid external pressures.