Prime Minister Shehbaz Sharif congratulated on Friday Saudi Crown Prince Mohammed Bin Salman on the signing of the Islamabad MoU and thanked him for Saudi Arabia’s continued support for Pakistan’s peace efforts.
PM Shehbaz held a telephone conversation with Saudi Crown Prince Mohammed bin Salman, during which the two leaders discussed bilateral relations, regional developments and ongoing peace efforts. PM Shehbaz said the support of Saudi Arabia and other Gulf states helped pave the way for the peace agreement between Iran and the United States.
ISLAMABAD: 19 june 2026.
— Prime Minister's Office (@PakPMO) June 19, 2026
Prime Minister Muhammad Shehbaz Sharif held a telephone conversation with His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, of the Kingdom of Saudi Arabia, this evening.
During their warm and cordial conversation, the Prime… pic.twitter.com/Y5IPdhXSuQ
The Saudi crown prince has congratulated the prime minister on the historic peace accord and praised the efforts of Field Marshal Syed Asim Munir.
The two leaders agreed that the success of the next phase of talks between Iran and the United States was essential and stressed the need to remain vigilant against any attempt to undermine the peace process.
Held a warm and most cordial telephone conversation with my dear brother, His Royal Highness Crown Prince Mohammed bin Salman, this evening.
— Shehbaz Sharif (@CMShehbaz) June 19, 2026
I thanked His Royal Highness for the Kingdom of Saudi Arabia’s steadfast support for Pakistan’s peace efforts and congratulated him on the…
They also expressed readiness to finalise a comprehensive economic package between Pakistan and Saudi Arabia. The prime minister said the package would be concluded under the patronage of the Saudi Crown Prince.
PM Shehbaz renewed his invitation to the Saudi crown prince to visit Pakistan and conveyed his best wishes to Custodian of the Two Holy Mosques King Salman bin Abdulaziz.
Both countries agreed to maintain close contact and consultation in the future.
Pakistan averts energy crisis, says PM Shehbaz
On the other side, PM Shehbaz said better planning helped Pakistan avoid an energy crisis during a period of regional economic uncertainty.
In a statement on oil prices following the establishment of regional and global peace through Pakistan's mediation efforts, the prime minister said the benefits of improved economic conditions and lower international oil prices were being passed directly to the public. He said the government was fulfilling the commitments made to the nation.
اسلام آباد: 19 جون 2026ء
— Prime Minister's Office (@PakPMO) June 19, 2026
وزیرِ اعظم محمد شہباز شریف کا پاکستان کی ثالثی کی بدولت خطے و عالمی امن کے قیام کے بعد تیل کی قیمتوں کے حوالے سے اہم بیان
وزیرِ اعظم نے کہا کہ خطے میں معاشی صورتحال میں بہتری آنے اور تیل کی قیمتوں میں کمی کا فائدہ فوری طور پر عوام کی جانب منتقل کررہے… pic.twitter.com/868NMNnD6E
The prime minister announced a reduction of Rs74 per litre in the price of petrol and Rs67 per litre in the price of diesel. Following the cut, the price of petrol will fall from Rs373 to Rs299 per litre, while diesel will decline from Rs378 to Rs311 per litre.
He said the government fully understood the difficulties faced by the public and appreciated their patience and resilience during challenging circumstances. He added that the federal government utilised Rs129 billion from development allocations and savings achieved through austerity measures to provide relief from the unprecedented rise in oil prices.
PM Shehbaz said that, at a time when some countries were introducing fuel rationing measures, Pakistan avoided an energy crisis through effective planning. He said there were no long queues at fuel stations and no shortage of petroleum products across the country.
The prime minister said the federal and provincial governments worked together to maintain economic stability and shield the public from the effects of global inflation. He thanked the provincial chief ministers for their cooperation during the period.
He said every reduction in international oil prices was being passed directly to consumers and pledged to continue efforts aimed at economic stability and lower inflation. He added that, alongside government austerity measures, support was also provided to underprivileged segments of society.
PM Shehbaz said providing maximum relief to the public remained the government's foremost priority. He stated that peace in the Middle East became possible through Pakistan's mediation efforts and described the Islamabad Memorandum of Understanding as a historic document.
The prime minister said Field Marshal Syed Asim Munir deserved special congratulations for his role in the peace agreement, which he said was made possible through sustained efforts and professional expertise.
He also paid tribute to Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, Interior Minister Syed Mohsin Raza Naqvi and other members of the government involved in the peace initiative.
PM Shehbaz commended the economic team, including Finance Minister Muhammad Aurangzeb, Planning Minister Ahsan Iqbal, Economic Affairs Minister Ahad Khan Cheema, Petroleum Minister Ali Pervaiz Malik and senior officials, for their efforts during the economic crisis.
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