Finance Minister Mohammad Aurangzeb said Monday that Pakistan’s existing fiscal space is sufficient to absorb the recent military conflict with India, and a fresh economic review would not be necessary.
“The recent military escalation with arch-rival India won’t have a large fiscal impact on Pakistan and can be managed within the current fiscal space, with no need for a new economic assessment,” Auragzeb said in an interview with Reuters.
“Trade talks with the United States, which had played a key role mediating a ceasefire between the two countries, would likely have progress in ‘short order’.”
As a result, he added, Pakistan could import more high-quality cotton, more soy beans and was also exploring other asset classes, including hydrocarbons.
This is a developing story and is being updated with more details.
