Finance Minister Asad Umar reveals interest rate for $3 billion Saudi loan

Finance Minister Asad Umar reveals interest rate for $3 billion Saudi loan
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ISLAMABAD - Finance Minister Asad Umar says Pakistan can manage its financial crisis and improve the economy without approaching International Monetary Fund (IMF) for loan.

Talking to a private news channel, he said the Saudi financial package for Pakistan is unconditional and on minimum interest rate of three percent.

The Minister said there was a huge increase in country's exports volume last month.

Responding to a question, he said the government would not increase prices of electricity and gas for low-income people.

Economy