US EditionGovt downplays fiscal impact of Indo-Pak clash
- Pakistan's Finance Minister Muhammad Aurangzeb said on Monday the recent India-Pakistan military clash was short and had minimal fiscal impact on Pakistan.
- The escalation began after a terrorist attack on April 22 in Indian-administered Kashmir killed 26 Hindu tourists and triggered four days of intense fighting.
- The conflict ended with a US-brokered ceasefire announced on Saturday by President Donald Trump on his social media platform, following pressure from Washington.
- Aurangzeb said Pakistan can manage the conflict within available fiscal space and expects IMF loan disbursement and trade talks with the US to progress soon.
- The ceasefire suggests a temporary pause but does not resolve the longstanding Kashmir dispute, with uncertainties about its durability and no clear winner.
27 Articles
27 Articles
Govt downplays fiscal impact of Indo-Pak clash
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 Muhammad Aurangzeb said in an interview with Reuters on Monday. 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" and that Pakist…
Conflict with India won't have large fiscal impact, says Pakistan finance minister
Aurangzeb described India-Pakistan conflict as a "short duration escalation" with minimal fiscal impact, stating it can be "accommodated within the fiscal space which is available to the government of Pakistan"
Denver Gazette
Pakistan finance minister: conflict with India won't have large fiscal impact
By Ariba Shahid and Charlotte Greenfield
While the governments of Delhi and Islamabad each claim victory after the ceasefire in Kashmir, on the ground the truce brings relief to a exhausted population. The hatred fed on social by extremists and political tension remain an obstacle to dialogue. Bishops on both sides of the border have launched appeals for a future of peace for common development.
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- 38% of the sources lean Left, 38% of the sources are Center
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