Islamabad: Federal Minister for Petroleum Ali Pervaiz Malik met with Bangladesh’s Advisor on Finance, Mr. Rashed Al Mahmud Titumir, to discuss the global energy situation and its effects on international markets, focusing on strategies to manage energy supply challenges.

According to Press Information Department, the discussions centered on each country’s approach to addressing the ongoing energy crisis, maintaining fuel supplies, and mitigating the impact of market uncertainties on their economies. Minister Malik outlined Pakistan’s efforts, including targeted fuel subsidies, to secure fuel supplies and relieve the public amid challenging global conditions. Meanwhile, Mr. Titumir explained Bangladesh’s measures to ensure fuel security and manage emerging challenges, stressing the importance of diversifying energy sources and supply routes.

The Bangladeshi Advisor praised Pakistan’s diplomatic efforts to de-escalate the conflict involving Iran, which has implications for global economic stability and energy markets. He also noted Pakistan’s success in securing LNG cargoes from Qatar through the Strait of Hormuz. Minister Malik described the current situation as an unprecedented energy crisis and emphasized the need for preparedness, diversification, and regional cooperation to navigate disruptions. Both sides agreed on the importance of ongoing engagement and experience-sharing to enhance resilience against future global supply disruptions.