Govt in no hurry to sign IMF agreement: Asad Umar

Finance Minister Asad Umar on Friday assured the nation that signing the agreement with the International Monetary Fund (IMF) would suit the nation and economy of the country.

Speaking in the National Assembly, the minister said that the government would not sign the agreement in pressure and they were in no hurry to accept the IMF package as alternative arrangements have been made to address immediate economic needs of the country.

He said that they would not make any decision which increase difficulties of the people. Asad Umar made it clear that the government would only sign such an IMF package, which is in the interest of Pakistan’s economy and the people.

The Finance Minister said, “Pakistan has already signed an economic assistance package with Saudi Arabia while talks with other friendly countries are underway.”

Asad Umar said that 15.50 per cent increase has been witnessed in the remittances during the first month of the present government while 20 per cent was witnessed in the second month.

He said that the overseas Pakistanis have sent additional one billion dollars to Pakistan during the three months’ time.

About the prices of petroleum, the Finance Minister said they have substantially reduced taxes on the diesel five times lower as compare to the previous government.

He said government was taking steps for strengthening the economy of the country and added, “We have to take steps to reduce trade, current account and budget deficits.”

The minister said the budget deficit was 4.1 per cent in last years but after general elections, the deficit of the budget is now 6.6 percent which is Rs 900 billion.

Criticizing the opposition, Asad Umar said that the Opposition Leader Shehbaz Sharif had taken an unmatched U-turn as he had vowed to drag Asif Ali Zardari in streets and hang him but now, he was praising the same Zardari.

69 Comments
  1. 882111 106796Couldn?t be designed any greater. Reading this post reminds me of my old room mate! He always kept talking about this. I will forward this report to him. Pretty certain he will possess a very good read. Thanks for sharing! 209420

  2. 599888 520563An interesting discussion is worth comment. I do believe that you really should write read far more about this subject, it will not be considered a taboo subject but typically every person is too couple of to communicate in on such topics. To yet another. Cheers 305161

  3. 959122 876683In the event you are interested in imagine a alter in distinct llife, starting up normally the Los angeles Surgical procedures fat reduction method is actually a large movement to be able to accomplishing which generally idea. lose belly fat 368815

  4. 861237 609125Hello! Someone in my Facebook group shared this site with us so I came to appear it over. Im certainly enjoying the information. Im book-marking and will be tweeting this to my followers! Outstanding weblog and superb style and design. 194100

  5. 403789 729806Right after study a handful with the content in your internet site now, and that i genuinely such as your method of blogging. I bookmarked it to my bookmark web website list and are checking back soon. Pls appear into my website as nicely and tell me what you believe. 711378

  6. 439807 626828It was any exhilaration discovering your website yesterday. I arrived here nowadays hunting new issues. I was not necessarily frustrated. Your concepts following new approaches on this thing have been useful plus an superb assistance to personally. We appreciate you leaving out time to write out these items and then for revealing your thoughts. 660836

  7. 66362 864478Aw, this was a truly nice post. In notion I would like to put in writing like this additionally – taking time and actual effort to make a extremely great article but what can I say I procrastinate alot and by no means appear to get something done. 278885

  8. 52641 984419You might uncover two to three new levels inside L . a . Weight loss and any one someone is incredibly critical. Initial stage may be real melting away rrn the body. lose weight 994896

  9. 918394 886651This style is steller! You obviously know how to maintain a reader amused. Between your wit and your videos, I was almost moved to start my own weblog (properly, almostHaHa!) Amazing job. I genuinely enjoyed what you had to say, and more than that, how you presented it. Too cool! 371451

Leave a Reply

Your email address will not be published.