PTI govt gradually overcoming economic crisis of country: Asad

PTI govt gradually overcoming economic crisis of country: Asad

ISLAMABAD: Federal Minister for Finance Asad Umar said the government was gradually resolving the economic crisis of the country, besides taking steps to improve the export and trade volume with neighboring countries.

Talking to a private news channel, he said the Pakistan Tehreek-e-Insaf (PTI) government had showed a great commitment by taking the country out of the financial crisis and was successfully managing the pending external payments.

The finance minister said the government's top priority was to minimize the financial deficit of the national institutions by improving their performance and enhancing professional capabilities.

He said the government was considering all the option to strengthen the national economy and was taking viable steps for the uplift of poor through different welfare projects.

After the successful foreign visits of Prime Minister Imran Khan, he said, the government had got a huge economic break which would help putting back the national economy on track.

The PTI government after managing the external balance payments was not in a hurry for a bailout package from the International Monetary Fund (IMF), as the government had resolved the financial matters for the current year, he added.

The government had decided to approach the IMF to bridge the gap of $12 billion financial deficit, he said and added that Pakistan had already received $1 billion from a total of $3 billion pledged by Saudi Arabia to overcome the crisis.

All the national institutions, including State Bank of Pakistan were not under government control, and they should perform independently by playing their due role in the development of the country.

Replying to a question regarding the financial losses in the institutions, he said the government was uprooting corruption from national institutions to decrease their financial losses and enhancing their performance and abilities with professional trainings.

Responding to another question regarding foreign investment, he said the foreign investors were investing fearlessly in Pakistan, adding they know that their investment was more safe and secure during the Pakistan Tehreek-e-Insaf government.

Replying to another question regarding the prime minister's visit to China, he said the government had got huge economic package from China and both the countries had great hope from China Pakistan Economic Corridor (CPEC), he added.

He further said CPEC would be a game changer project for the entire region.

To another question regarding NFC awards, he said the NFC awards was very important for smooth functioning of the matters of provinces and federation, adding soon a meeting would be called to discuss NFC awards.