Pakistan Finance Minister Muhammad Aurangzeb speaks during a Reuters interview at the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 25, 2025. REUTERSPakistan Finance Minister Muhammad Aurangzeb speaks during a Reuters interview at the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 25, 2025. REUTERSThe 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, Pakistan's Finance Minister said in an interview with Reuters on Monday. The IMF executive board also approved a fresh $1.4 billion loan to Pakistan under its climate resilience facility. Regarding the India-Pakistan conflict, Aurangzeb described it 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".

Source: bd News24 May 13, 2025 02:20 UTC