ISLAMABAD – In a surprise, Finance minister Asad Umar has praised formerfinance minister Ishaq Dar.
on Saturday termed bailout package from International Monetary Fund (IMF)‘indispensible’ for the troubled economy.
He was talking to media in Islamabad.
Asad Umar was all praise for his predecessor as the incumbent ministerclaimed that Pakistan Muslim League Nawaz (PML-N) had no other option apartfrom approaching IMF. Umar added, “It was not Ishaq Dar’s fault to seekbailout”.
However, Umar stated that Pakistan would contemplate on all other availableoptions if the would-be conditions of IMF are not acceptable.
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Rubbishing rumors linking CPEC with the economic turmoil, Umar assertedthat Pakistan would not use bailout package to repay the Chinese loans.
“The accusations of United States linking bailout package with Chinesedebts don’t hold ground. Pakistan will have to pay merely $300 mln in thenext three years. There is no harm in sharing details of Chinese debt withIMF.”, Asad told reporters.
