Pakistan to approach IMF for a bailout, Asad Umar announces

[zeroboy]

 

[wali87]

Inalillahe wa ina ilahi rajioon. This man will be pti's downfall. Reminds me of that book 'the economic hitman.' Pehlay engro ka kabara nikala tha ab Pakistan ka nikalna chahta hai. ghalat advise kar raha hai yeh Khan ko!

 

[El Sidd]

Aaawww

Bik gaye

I would have taken the risk with Khadim lol

 

[Syed Asif Bukhari]

Jithon di khoti uthe hi aa khloti

 

[H!TchHiker]

@BHarwana didn't i mention you we have to go and you were disagreeing

Inalillahe wa ina ilahi rajioon. This man will be pti's downfall. Reminds me of that book 'the economic hitman.' Pehlay engro ka kabara nikala tha ab Pakistan ka nikalna chahta hai. ghalat advise kar raha hai yeh Khan ko!

Can't blame asad umar for this..given the economic condition what was the other way ?

 

[alphapak]

Not the first time Pak is going to IMF, this new government needs to
time to sort the mess out left by Zardari and Nawaz.

 

[Peaceful Civilian]

Good, we need inflow of dollars, it will help us to continue civilians projects .

 

[Sugarcane]

Inalillahe wa ina ilahi rajioon. This man will be pti's downfall. Reminds me of that book 'the economic hitman.' Pehlay engro ka kabara nikala tha ab Pakistan ka nikalna chahta hai. ghalat advise kar raha hai yeh Khan ko!

If you have another option to avoid default then do tell.

 

[gangarambihari]

pakistan should now practice some tough economic descipline .

 

[ni8mare]

Pakistan to approach IMF for a bailout, Asad Umar announces
Dawn.com | Sanaullah KhanUpdated October 08, 2018
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Finance Minister Asad Umar. — File

The government has decided to approach the International Monetary Fund (IMF) for a bailout to address the mounting balance of payments crisis faced by Pakistan, Finance Minister Asad Umar announced on Monday.

In a video message, the minister revealed that Prime Minister Imran Khan had given the go-ahead to open talks with the Fund for a bailout programme after consulting economic experts and stakeholders.

"The prime minister... after consulting everyone decided today that we should open talks with the IMF," Umar said.

Read: Fresh engagement with the IMF is important for Pakistan to attain credibility

The negotiations will be aimed at reaching a "stabilisation recovery programme" which can be used to tackle the economic crisis, the minister said.

With the IMF programme, the government will aim to have a "minimum impact" on low-income classes, while passing on the burden to wealthy citizens.

The premier had on Sunday hinted at approaching the IMF for “bridging loans” during the critical phase the country is passing through, besides exercising options like seeking help from friendly countries to deposit funds in the State Bank to boost reserves.

More to follow.

 

[Roybot]

Asad Umar's statement has no credibility. Better wait for @BHarwana 's confirmation.

#Fake news.

 

[SunilM]

Told you so...... Niazi should have the spine to announce this himself rather than sending his minister.

 

[slapshot]

Jithon di khoti uthe hi aa khloti

Jinab uthe hi aan k khalona see khoti nay...

 

[shah_123]

Chuna lag gaya Qoam ko, Mubarak!

 

[gangarambihari]

Asad Umar's statement has no credibility. Better wait for @BHarwana 's confirmation.

#Fake news.

yes @BHarwana is a well known and well respected economist of PDF.

he has ph.d. in falling indian rupees .