Has IMF termed Pakistan Finance Minister Asad Umar as arrogant?

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Has IMF termed Pakistan Finance Minister Asad Umar as arrogant?

ISLAMABAD - Economist and journalist Ihteshamul Haq claimed that the International Monetary Fund (IMF) has called Finance Minister Asad Umar “arrogant”.

He further said that “IMF has conveyed this message to the Pakistani authorities”, adding that “Umar was told nine months in advance that he will be made finance minister but he didn’t prepare for his role”.

Earlier, IMF had said that Pakistan’s capacity to return loans will be assessed, adding that it will consider the details of the previous loans before giving new loans.

The IMF had also said that Pakistan’s record of returning loan installments will also be considered and the executive board will take a decision on giving Pakistan a loan in future.

According to the IMF press release, transparency in an important factor in returning loans. The US is ensuring that the IMF loan shouldn’t be used in paying back China’s loans, said the statement.

Pakistan