The Pakistani Finance Minister said in an interview with Reuters on Monday that the recent military escalation with the competition of the arc India will not have a major financial impact on Pakistan and can be managed in the current financial space, without the need for a new economic evaluation.
Commercial conversations with the United States-which played a major role in mediation in the ceasefire between the two countries-may have a progress in “short demand” and that Pakistan could import more high-quality cotton and more soybeans, said soybeans in an online interview.
On Monday, US President Donald Trump said the United States was ready to help India and Pakistan after the ceasefire agreement, claiming that trade was a major reason “stopped fighting.”
Pakistan is facing 29 % tariffs on exports to the United States due to an approximate trade surplus of $ 3 billion, but this is currently decreasing to a 90 -day stoppage period in April.
On Friday, the International Monetary Fund (IMF) approved the disbursement of a billion dollar loan to Pakistan as part of a $ 7 billion rescue agreement.
Organizib said that Islamabad would receive the exchange of the slide on Tuesday.
The Executive Council of the International Monetary Authority also approved a new loan of $ 1.4 billion for Pakistan under climate flexibility facility.
He said that the federal budget for the next fiscal year will be completed, starting from July, during the three weeks to the next four, with talks in the budget scheduled with the International Monetary Fund from 14 to 23 May.
Regarding the Indian Pakistani conflict, Aurangzeb described it as a “short -term escalation” with the minimum financial impact, saying that it can be absorbed within the financial space available to the Pakistan government.
When interrogating the increase in potential military spending in the upcoming budget, Aurangzeb was postponed from the comment, saying it was too early to discuss specific plans. However, he said: “All we need to do in terms of making sure that our defense requirements are met.”
Uranzib said he expected the Indus Water, which India has been hung unilaterally, to its place.
He said there will be no immediate effect from India’s comment, nor “you don’t want to think about any scenario that does not take into account the restoration of this treaty.”
Tensions between India and Pakistan began to increase after the April 22 attack in the Indian Kashmir on the Hindu tourists who killed 26 people, which sparked the worst clashes between nuclear armed neighbors in more than two decades.
On Saturday, a ceasefire was announced in the Himalayan region by Trump, four days after fighting, diplomacy and pressure from Washington.
