Asad Umar clarifies no fear of big loss in tensions with India

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21 Feb, 2019 3:00 pm

ISLAMABAD (92 News) – Finance Minister Asad Umar has clarified that there is no fear of big loss with tensions with India on Thursday.

In special conversation with 92 News, Asad Umar informed that the Financial Action Task Force (FATF) will issue its statement tomorrow, adding that it may be prove good news for Pakistan.

The finance minister also said that the talks are underway with the International Monetary Fund (IMF) on a regular basis. He added that the negotiations with IMF almost in the final phase. “Nothing can be said before settling the conditions,” he described.

“We are in talks with the IMF and are holding sessions on a regular basis,” the minister contented and added that last week, Pakistani teams had two technical sessions with the fund and having one interaction every week.

Replying to a query, the federal minister said, the government will again talk with the IMF this week and we are sharing economic data with it and added, “Following the finalisation of terms, an IMF mission will visit Pakistan.”

Earlier, while addressing the Business Leaders Conference in Islamabad on Thursday, he has said that grooming of professionals is imperative to improve the quality of governance in the country. He also said that capabilities of professionals can be utilized in a best manner through providing them incentives.


Asad Umar said collaboration of government and private sector brings improvement in performance of every sector. He said professional training is of vital importance for ensuring good governance. He said the incumbent government is taking every possible steps for welfare of the trader community.

Asad Umar chairs ECC

Earlier, the Economic Coordination Committee (ECC) meeting reviewed the steps to increase employment opportunities for the Pakistani workers abroad.

The ECC meeting was chaired by Finance Minister Asad Umar and discussed a seven-point agenda. Progress made on the Pakistan Steel Mills cases in the National Accountability Bureau and issuance of supplementary budget of more than one billion rupees for the Hajj operations came under discussion.

The ECC has directed the Ministry of Industries and Production to ensure placing of names of personnel under investigation in NAB cases regarding Pakistan Steel Mills on the exit control list (ECL).




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