Thursday, November 26, 2020

Govt will acquire IMF package if its good for the country, says Asad Umar

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Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

Pakistan’s Finance minister Asad Umar has said that the government if gets good package from International Monetary Fund (IMF) so we will acquire the package or otherwise Pakistan is not in hurry.

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Talking to the anchorpersons, Asad Umar said that the reduction in imports by forcing regulatory duties helped trim the trade deficit, government is focused to curtail the unnecessary imports.

Finance minister said that the rise in gas and electricity prices won’t affect common people.

Advocating mini budget, he said that the supplementary finance bill will help promote the investment and to squeeze imports in the country. Furthermore, the upcoming bill will also help boosting the exports.

Comparing the inflation rate during two preceding governments, Asad Umar said in first five months of Peoples party, inflation rate was 11 percent and in the first five months of PML-N the inflation rose to 4 percent and in the first five months of his government (PTI) slightly up by 0.4 percent.

Finance minister Asad Umar said that the government is taking all necessary steps to fix the economic crises.

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Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]
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