Pakistan, June 16 -- Prime Minister Shehbaz Sharif has set up a high-level committee to monitor fuel prices and supply. This comes after rising tensions in the Middle East, especially following Israel's attacks on Iran. The global oil market is showing signs of serious instability, causing concern over future supplies and pricing.

The committee is led by Finance Minister Muhammad Aurangzeb. It includes officials from key ministries, regulators, and energy experts. Their job is to watch global oil prices, check supply risks, and study how changes may affect Pakistan's foreign reserves and budget. The team will also suggest steps if the crisis continues.

In its first meeting, the committee reviewed both global and local fuel situations. I...