ISLAMABAD – In a surprise, Finance minister Asad Umar has praised former finance 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 minister claimed that Pakistan Muslim League Nawaz (PML-N) had no other option apart from approaching IMF. Umar added, “It was not Ishaq Dar’s fault to seek bailout”.
However, Umar stated that Pakistan would contemplate on all other available options if the would-be conditions of IMF are not acceptable.
Rubbishing rumors linking CPEC with the economic turmoil, Umar asserted that Pakistan would not use bailout package to repay the Chinese loans.
“The accusations of United States linking bailout package with Chinese debts don’t hold ground. Pakistan will have to pay merely $300 mln in the next three years. There is no harm in sharing details of Chinese debt with IMF.”, Asad told reporters.