ISLAMABAD: Finance Minister Asad Umar on Thursday revealed that some conditions put forward by the International Monitory Fund (IMF) for bailout package are similar to the promises made by Pakistan Tehreek-i-Insaaf’s in its manifesto.
He was talking exclusively to Aaj News’ talk show ‘Faisla Aap Ka’.
Pakistan and the IMF formally began two-week talks on Wednesday to ascertain the size of the `funding gap` facing Islamabad.
The finance minister confirmed that talks on technical level are underway and four secretaries and Governor of State Bank are the part of the talks with the IMF team.
Umar refused to divulge into the details of the talks, but said the government is answerable to the national representatives and details would be announced once the deal is finalized.
He rejects the USA’s perception that Pakistan’s economy is under pressure and it is seeking bailout package from IMF to pay its Chinese debt.
The finance minister was of the view that if Pakistan wants to get out of economic crises and to pay its foreign loans, it must increase its exports.
He also expressed hopes of enhancing bilateral trade relations with Afghanistan.
While talking about Prime Minister Imran Khan’s recent foreign visits, he said Pakistan managed to get Saudi Arabia’s and Chinese financial assistance after two months of negotiations.