Finance Minister Muhammad Aurangzeb speaks during an interview in Islamabad on July 19, 2024. — Reuters
FinMin highlights impact to be managed within current fiscal space.
Aurangzeb says no new economic assessment would be required.
“Pakistan could import more high-quality cotton, more soy beans.”
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, Finance Minister Mohammad Aurangzeb said on Monday.
“Trade talks with the United States, which had played a key role mediating a ceasefire between the two countries, would likely progress in “short order”,” Auragzeb said in an interview with Reuters.
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.
