'No strategic oil reserves like India': Pak minister admits vulnerability as fuel crisis deepens
A Pakistani minister has acknowledged the country's lack of strategic oil reserves, highlighting its vulnerability amid a deepening fuel crisis. The admission underscores growing concerns over energy security and economic stability in Pakistan. Unlike India, which maintains substantial reserves, Pakistan faces challenges in managing supply disruptions and price volatility.
- ▪A Pakistani minister admitted the country does not have strategic oil reserves like India.
- ▪Pakistan is experiencing a worsening fuel crisis affecting its energy supply.
- ▪The lack of reserves increases Pakistan's vulnerability to global oil price fluctuations and supply disruptions.
- ▪India maintains a strategic petroleum reserve to cushion against energy shocks.
- ▪The fuel shortage has raised concerns about economic stability and energy security in Pakistan.
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