Washington (Commerce Desk) Federal Minister for Finance Senator Muhammad Aurangzeb has said that the ongoing crisis in the Middle East is among the major economic shocks in recent history, the effects of which are being felt globally. He participated in the regional meeting of the Middle East, North Africa, Afghanistan, and Pakistan held on the occasion of the Spring Meetings 2026 of the International Monetary Fund and the World Bank, where finance ministers, central bank heads, and representatives of regional financial institutions were present.
Addressing the meeting, the Finance Minister said that the government has made necessary changes in import strategy, pricing mechanisms, and supply systems to deal with the initial impacts of the situation. He reaffirmed the commitment to promote targeted support instead of broad subsidies to ensure effective protection for vulnerable segments of society.
The Finance Minister also highlighted government measures to cope with global economic pressures and said that a coordinated strategy is being adopted to maintain economic stability.
