London: Finance Minister Mohammad Aurangzeb has said that the recent tension between Pakistan and India will not have a major financial impact on the country’s economy and the situation can be managed within the existing fiscal space. He said that Pakistan will take all necessary steps to meet its security needs. Of course, he will.
In an interview with a British news agency, the finance minister said that trade talks between Pakistan and the United States will be completed soon, and Pakistan is considering importing high-quality cotton, soybeans, and other assets, including hydrocarbons.
He pointed out that Washington played an important role in the recent Pak-India ceasefire and described the current situation as a limited conflict, saying its financial impact could be adjusted within the current financial position of the government of Pakistan.
On defense spending, Aurangzeb said it was too early to say anything in this regard in the upcoming budget but made it clear that all necessary steps would be taken for defense.
