ISLAMABAD – Finance Minister Asad Umar speaks over the issue of the IMFbailout package.
He on Wednesday said the government is not in hurry to obtain a bailoutpackage from the International Monetary Fund (IMF) to boost the country’sforeign exchange reserves.
In an interview with Bloomberg, he said: “We aren’t in hurry. We arecovered even if it delays for two months.”
The minister said the bailout talks with the IMF will resume in a Januarymeeting of its executive board.
“We still want to have the program,” he said. “But we’re not in hurry tohave it. It’ll ease and open up other funding avenues.”
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On Nov 20, the government and the IMF failed to agree on the terms of abailout package with a final deal now expected by mid-January.
The country is negotiating its second IMF bailout since 2013 and talks wereexpected to conclude this month during a visit by an IMF delegation toIslamabad.
