Pakistan Fuel Shortage Crisis Forces Sharif to Cancel Davos Trip

Pakistani Prime Minister Nawaz Sharif canceled a trip to attend the World Economic Forum in Davos, Switzerland, as the nation’s worst fuel shortages in memory threatened to revive street protests against him.

Since the crisis began last week, he’s suspended five officials, including Pakistan State Oil Co.’s deputy chief, and has sought hourly updates on the situation. The government has sold fuel from its reserves and private companies have boosted supplies as anger grows over long waits at petrol stations.