Follow
WhatsApp

Finance Minister Asad Umar reveals interest rate for 3 billion Saudi loan

Finance Minister Asad Umar reveals interest rate for 3 billion Saudi loan

ISLAMABAD – Finance Minister Asad Umar says Pakistan can manage itsfinancial crisis and improve the economy without approaching InternationalMonetary Fund (IMF) for loan.

Talking to a private news channel, he said the Saudi financial package forPakistan is unconditional and on minimum interest rate of three percent.

The Minister said there was a huge increase in country’s exports volumelast month.

Responding to a question, he said the government would not increase pricesof electricity and gas for low-income people.