Pakistan has offered support to Bangladesh in dealing with the ongoing energy crisis triggered by the Middle East conflict and the subsequent closure of the Strait of Hormuz - a key oil trade route through which approximately one-fifth of global oil shipments pass.
The development came as Petroleum Minister Ali Pervaiz Malik held a meeting with Bangladesh's Adviser on Finance, Rashed Al Mahmud Titumir, in Islamabad to exchange views on the evolving global energy situation, its impact on international markets, and measures taken by both nations to address supply challenges.
According to a statement issued by the Pakistan High Commission in Bangladesh on Tuesday, both sides discussed strategies for managing the unprecedented energy crisis, ensuring uninterrupted fuel supplies, and mitigating the impact of market uncertainties on their economies. Minister Malik briefed the Bangladeshi adviser on Pakistan's efforts to secure fuel supplies amid challenging global circumstances, including targeted fuel subsidy initiatives designed to provide public relief.
Rashed Al Mahmud Titumir shared the steps taken by Bangladesh to ensure fuel security, noting that the crisis has brought energy security to the forefront of policymaking. The Bangladeshi official emphasized the importance of diversifying energy sources and supply routes to strengthen resilience against global disruptions.
He further lauded Pakistan's diplomatic efforts toward de-escalating the conflict involving Iran, stressing that such stability is essential for the global economy. The adviser also commended Pakistan's efforts to secure Liquefied Natural Gas (LNG) cargoes from Qatar through the Strait of Hormuz despite the current volatility.
Minister Malik underscored the importance of preparedness and regional cooperation, stating, "Pakistan is willing to share its experiences and lessons with Bangladesh to support their efforts in managing the energy crisis and strengthening energy security." Both sides agreed on the necessity of continued engagement to build greater resilience against future global supply disruptions.
The meeting concluded with a mutual commitment to regional stability, as both nations recognize that their economic growth is intrinsically linked to the stability of energy supply chains in the region. As the situation in the Middle East remains fluid, both Islamabad and Dhaka are looking to enhance bilateral cooperation to safeguard their respective energy sectors from further shocks.