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normally maintains a 15-day reserve and currently has about a month’s supply of fuel.

He assured that the government is taking steps to ensure stability amid the ongoing international energy crisis.

Asked about the PM’s response in this regard, he said, “The prime minister reviewed all available government resources, assessed progress, and examined the steps taken by the ministries. I can briefly say that the reserves are sufficient.”

About panic buying, Ghani said, “Excess fuel purchased unnecessarily could go to waste. The situation should normalise in a few days once public confidence returns. Under the government’s plan, the reserves are being increased further.”

Regarding the jet fuel price hike, he explained, “The international price of jet fuel has increased. Airlines operating here also follow the international rate, so the price movement is aligned with global trends.”

He confirmed that the one-month reserve includes all types of fuel and added that the Cabinet Committee on Purchase has approved the acquisition of two cargoes of LNG.

Ghani also said that fuel not immediately available under contracts is purchased from the spot market, and decisions have to be made quickly -- often within 10 hours of the cargo’s arrival.

FIVE ISSUES DISCUSSED

The cabinet secretary said five issues were discussed at the meeting.

As it began, members recalled the “black night” of March 25, when occupation Pakistani forces carried out genocide, which led to the declaration of independence and the start of the Liberation War, reports BSS.

Prayers were also offered for the martyrs of the Liberation War.

Ghani told reporters that five agendas were discussed at the meeting as part of constitutional obligations.

He said the first was the draft amendment to the Value Added Tax (VAT) and Supplementary Duty Act-2026, which received approval in principle and final approval, and that drafts of two finance-related laws, reflecting expenditures of the fiscal year ending in July along with revised final expenditures, also received approval in principle.

Another item was the draft amendment to a financial ordinance, which also received approval in principle and final, he added.

“This ordinance is part of the annual financial framework for the 2025-26 fiscal year under articles 86 and 27 of the constitution, and revenue has been collected under it since June 26, 2025.”

Ghani explained that taxes are collected under specific laws, and to convert the ordinance into an act, the draft Finance (Amendment) Act for the 2025-26 fiscal year was given final approval at a special cabinet meeting, subject to vetting by the Legislative and Parliamentary Affairs Division.

He said among the 133 ordinances issued during the previous cabinet’s tenure, a decision has been made to convert five of them into acts. “Necessary procedures will be followed, and these will be presented in parliament soon.”