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"
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