Pakistan decides against availing IMF bailout package

Pakistan decides against availing IMF bailout package
Shares

ISLAMABAD - Pakistan has decided against availing the International Monetary Fund bailout package.

As per the media report, federal government has decided not to enter an International Monetary Fund (IMF) programme for now, Finance Minister Asad Umar said on Saturday.

The finance minister made the remarks while talking to businessmen at the Karachi Chamber of Commence and Industry (KCCI).

Umar said that instead of availing IMF programme, the government was exploring alternative options.

Furthermore, the finance minister announced that the government will unveil a mini-budget on Jan 23 instead of Jan 21. He associated the two-day delay to an impending foreign trip of Prime Minister Imran Khan. ARTICLE CONTINUES AFTER AD

The finance minister said that his visits of Lahore and Karachi were regarding a one-point agenda: the amended finance bill, which he said will facilitate businessmen.

Umar indicated that the amended bill will also carry "some good news" for the Pakistan Stock Exchange (PSX) .

More from this category