Islamabad: Pakistani economic advisors discussed out of the box ideas to avoid the International Monetary Fund or IMF bailout.
Pakistani economists discussed several ways to avoid IMF bailout. They considered banning imports of cheese, smartphones, and luxury cars to get rid of IMF bailout.
Last week, Finance Minister Asad Umar chaired the first session of Economic Advisory Council (EAC). Asad Umar revealed that according to the budget, $9bn is needed to run Pakistan. He said that the number that they have to acquire, as per the financial backing, is $9 billion. He further added that in any case, they are attempting to address the root cause that propels them to acquire $9bn.
Asad Umar said that meanwhile, whatever gap there is, they are ascertaining. When their arrangement gets settled, which it ought to inside one to about fourteen days, they will display in before the parliament, and afterward we will likewise look for recommendations from the National Assembly and Senate to enhance it further.