Pakistan, June 16 -- Islamabad - Pakistan's Ministry of Finance has confirmed that the country currently holds ample petroleum reserves despite rising tensions between Iran and Israel. This assurance comes after a committee meeting chaired by Finance Minister Muhammad Aurangzeb to assess the impact of recent regional conflicts on the oil market.

The committee, formed under the Prime Minister's directive, reviewed the international and local petroleum market situation in detail. They concluded that there is no immediate threat to the supply of petroleum products in Pakistan, offering relief amid global uncertainty.

However, members emphasized the need to stay alert due to the rapidly changing conditions in the region. To ensure timely re...