ISLAMABAD – Economist and journalist Ihteshamul Haq claimed that theInternational Monetary Fund (IMF) has called Finance Minister Asad Umar“arrogant”.
He further said that “IMF has conveyed this message to the Pakistaniauthorities”, adding that “Umar was told nine months in advance that hewill be made finance minister but he didn’t prepare for his role”.
Earlier, IMF had said that Pakistan’s capacity to return loans will beassessed, adding that it will consider the details of the previous loansbefore giving new loans.
The IMF had also said that Pakistan’s record of returning loaninstallments will also be considered and the executive board will take adecision on giving Pakistan a loan in future.
According to the IMF press release, transparency in an important factor inreturning loans. The US is ensuring that the IMF loan shouldn’t be used inpaying back China’s loans, said the statement.