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In Pakistan's interest to seek IMF programme despite help from other countries: Asad Umar

In Pakistan's interest to seek IMF programme despite help from other countries: Asad Umar

Finance Minister Asad Umar has said it is still in Pakistan's interest to enter into a programme with the International Monetary Fund (IMF) to stabilise its economy, despite the agreements for financial assistance with other countries.

Speaking on DawnNewsTV show News Wise on Wednesday, he said the financing arrangements made by the Pakistan Tehreek-i-Insaf (PTI) government have eliminated any foreseeable financing problems until June 30, 2019.

"But because it will take time to support and implement the basic reforms that we have to undertake, we think it is still a better option that an IMF programme is signed," Umar said while




He added, however, that such a programme will be entered into only if its conditions are in Pakistan's interest.

Answering a question regarding the talks currently being held with a visiting IMF mission, the minister acknowledged that it was "difficult" to negotiate with the lender but that the talks had only just begun.

"It will be a huge challenge if there is no headway in the negotiations in three or four days," he said.

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