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Pakistan finance minister: conflict with India won't have large fiscal impact

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KARACHI/ISLAMABAD (Reuters) -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, Pakistan's Finance Minister 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 Pakistan could import more high-quality cotton, more soy beans and was also exploring other asset classes, including hydrocarbons, Minister Muhammad Aurangzeb said in the online interview. On Monday, U.S. President Donald Trump said the U.S. is ready to help India and Pakistan after a ceasefire agreement, claiming trade was a big reason they "stopped fighting".
Pakistan's Finance Minister, Ishaq Dar, expressed on May 25, 2023, that his country is prepared to engage in conflict with India if necessary, but emphasized a preference for peace and economic development. Speaking at the Islamabad Security Dialogue, Dar highlighted the importance of resolving issues like Kashmir through dialogue, while also noting Pakistan's economic challenges and the need to focus on growth. He mentioned the country's efforts to secure a bailout from the International Monetary Fund and stressed that Pakistan does not seek conflict but will respond if provoked.

Read the Full Reuters Article at:
[ https://www.yahoo.com/news/pakistan-finance-minister-conflict-india-174741555.html ]