Close to sign agreement with IMF: Asad Umar
Asad Umar briefed National Assembly Standing Committee on Finance.
ISLAMABAD (Dunya News)- Finance Minister Asad Umar said on Wednesday that Pakistan is close to reaching an agreement with the International Monetary Fund (IMF).
Asad Umar briefed National Assembly Standing Committee on Finance about the country’s ecnomical situation.
He told that IMF plans to increase the dollar rate but government won’t take such measures. The minister maintained that that talks with IMF are in progress while the differences have reduced.
He apprised the committee that IMF demands to reduce the losses of electricty and gas. Asad Umar explained that there is no plan to increase the rate of dollar as the economy is stable.
He told Committee that IMF has given them some targets following which banned organizations have been risked from medium to higher level on their recommendation.
He stressed that India has been lobbying against Pakistan.
Asad Umar told that neighboring country is trying to blacklist Plakistan and submit a separate report but it cannot be done in any way.
India is just trying to isolate Pakistan economically, he added.
Finance Minister said that we are about to take complete action on Financial Action Task Force’s (FATF) recommendations in next three months. He said that money laundering is a major issue for Pakistan and an act of parliament will be made to tackle it. He said that we still have to do a lot of work to get out of the gray list.
All Pakistani sectors are committed to get out of this gray list, he told.
