Asad Umar Finance Minister says no choice yet to approach IMF

Finance Minister Asad Umar talking on the floor of the Senate on Tuesday said the government has not made a choice to approach the International Monetary Fund (IMF) for a bailout package.

Meetings on the current economic situation are underway and a final decision will be taken after taking the Parliament on board, Umar said.

“Even if Pakistan goes to the IMF programme, this won’t be the first time that Pakistan has gone to the IMF programme. We have gone to the programme 12 times previously,” he added.

The finance minister informed the Senate that previously there was no question on which country’s banks had given loans to Pakistan.

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