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 progressed in “short order” and that Pakistan could import more high-quality cotton, more soy beans and was also exploring other asset classes, including hydrocarbons, Aurangzeb said in........

© Dawn Business