Aurangzeb warns of global strain from Middle East tension

April 15, 2026 (MLN):  Pakistan has called for stronger global cooperation and urgent de-escalation of geopolitical tensions, warning that ongoing conflicts particularly in the Middle East are placing severe strain on the world economy.

 These remarks were made by Federal Minister for Finance and Revenue, Muhammad Aurangzeb, during his participation in the World Bank-IMF Spring Meetings 2026, where he attended the Group of 24 Finance Ministers and Central Bank Governors’ Meeting as First Vice Chair, according to a press release issued.

He highlighted how recent shocks have disrupted energy supplies, fertilizer markets, and financial conditions, stressing that protecting key trade and energy routes is critical to maintaining global stability.

The minister also urged greater flexibility in international financial systems to help developing economies manage risks while sustaining growth and employment.

During his intervention, Federal Minister for Finance Aurangzeb reaffirmed Pakistan’s support for reforms at the International Monetary Fund, particularly in reviewing program design and conditionality. He emphasized maintaining macroeconomic stability while allowing policy space to tackle emerging challenges and support inclusive growth.

The minister also called for an early and comprehensive review of IMF surcharges, noting their disproportionate impact on developing countries. In addition, he stressed the importance of deepening collaboration with the World Bank in areas such as infrastructure development, job-rich investments, and innovative financing solutions.

Reiterating Pakistan’s commitment to resilience, inclusion, and shared prosperity, he urged the international community to work together more effectively in addressing evolving global economic challenges.

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