Pakistan may not go for IMF bailout package: Report

Pakistan may not go for IMF bailout package: Report
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ISLAMABAD: Federal Minister for Finance Asad Umar Thursday said it was possible for Pakistan to manage its financial crisis and improving its economy without approaching the International Monetary Fund (IMF) for a loan.

Talking to a private news channel, he said the Pakistan Tehreek-e-Insaf government was receiving financial package from Saudi Arabia unconditional and on the minimum interest rate 3 per cent.

Replying to a question about inflation in the country, he said the government would not increase prices of electricity and gas for low-income earners.

Responding to another question, he said there was an huge increase in the country’s exports volume in December, but Pakistan’s current dollar reserves, which stand at $7.2 billion, are not enough to repay our foreign loans.

Pakistan