No decision yet taken to approach IMF, Finance Minister Asad Umar

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Asad Umar revealed that decision not yet taken to approach International Monetary Fund (IMF).

Finance Minister Asad Umar said in Senate that No decision yet taken to approach IMF for bailout package.

Asad Umar said that discussions on the current financial circumstance are in progress. In addition, an ultimate choice will accepted subsequent to taking the Parliament.


He further added that regardless of whether Pakistan goes to the IMF program, this won’t be the first occasion when that Pakistan has gone to the IMF program. Previous governments already opt for IMF bailout on 12 occasions.

Asad revealed the Senate that already there was no doubt on which Pakistani banks had offered advances to country.

Asad also elaborated about the National Finance Commission Award. He said that it is their constitutional obligation and he also ordered the finance secretary to start process for the NFC Award.

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