Finance Minister Asad Umar breaks silence over IMF bailout and Chinese loans
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*ISLAMABAD - Finance Minister Asad Umar has responded over the issue of IMF bailout package and the Chinese loans.*
*Asad Umar has said that Pakistan’s IMF’s bailout package will not be used to pay for its Chinese debt.*
“We didn’t approach the IMF for Chinese debt,” the minister told media on Saturday. “It is inappropriate to link the IMF program with Chinese debt.”
The PTI government is under severe criticism from the opposition for approaching the IMF.
Pakistan has gone to the IMF 18 times and we hope that this is the last time, he said.
“We have not done anything usual,” Umar said. “We had to go to the IMF because of economic challenges.”
However, the minister said that Pakistan could revisit its decision to seek the IMF’s help if the government finds its conditions unacceptable.
