Asad Umar quits Finance Ministry


Finance, Minister, Asad Umar, decides, quit
18 Apr, 2019 2:21 pm

ISLAMABAD (92 News) – Finance Minister Asad Umar on Thursday decided to quit his office.

In a tweet, he said that: “As part of a cabinet reshuffle, Prime Minister Imran Khan desired that I take the energy minister portfolio instead of finance. However, I have obtained his consent to not take any cabinet position.”

He said that he strongly believes that Prime Minister Imran Khan is the best hope for Pakistan and Inshallah will make a ‘Naya Pakistan’.

Sources said that Umar Ayub is likely to be made the finance minister.

Earlier after talks with the IMF, Minister for Finance Asad Umar said that Pakistan has decided in principle to start IMF mission and the decision has been taken in the best interest of national economy.

The minister said that the programme with the International Monetary Fund (IMF) would soon be completed for Pakistan.

Govt is working on structural changes in economy

Asad Umar also said that the government is working on structural changes in the economy. He also said IMF program will bring improvement in the economy. He said IMF delegation will visit Pakistan in coming weeks to finalize technical details.

Trade activities in region to improve living standard of people

To a question, the minister said trade activities in the region will improve living standard of the people. He said Prime Minister Imran Khan expressed his desire to improve relations with India in his first speech and offered to enhance trade relations.

Free Trade Agreement with Turkey to be concluded soon

The finance minister said gas agreement with Turkmenistan has been signed while Free Trade Agreement (FTA) with Turkey will be concluded soon. He said Pakistan has been facing a crisis of balance of payments for a long time.

Govt approaches IMF due to PML-N, PPP

“We went to the IMF due to some previous wrong decisions. He said the Pakistan Muslim League-N (PML-N) and the Pakistan Peoples’ Party (PPP governments also sought IMF programs.

 


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