Govt working on structural changes in economy: Asad Umar

MG News | April 12, 2019 at 09:05 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 12, 2019 : Finance Minister Asad Umar says government is working on structural changes in the economy.

Talking to media in Washington, he said it has been decided in principle to start IMF mission and the decision has been taken in the best interest of national economy.

The Finance Minister said IMF program will bring improvement in the economy.

He said IMF delegation will visit Pakistan in coming weeks to finalize technical details.

Replying to a question, Asad Umar said trade activities in the region will improve living standard of the people.

He said Prime Minister Imran Khan expressed his desire to improve relations with India in his first speech and offered to enhance trade relations.

He said gas agreement with Turkmenistan has been signed while Free Trade Agreement with Turkey will be concluded soon.

The Minister said Pakistan has been facing a crisis of balance of payments for a long time and we went to the IMF due to some previous wrong decisions.

He said PPP and PML-N governments also sought IMF programs.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	181,430.02 376.06M	-0.19% -346.57
ALLSHR	109,168.67 713.66M	-0.13% -139.83
KSE30	54,263.26 125.13M	-0.24% -128.56
KMI30	255,651.73 86.61M	-0.19% -483.04
KMIALLSHR	69,991.04 446.60M	-0.05% -33.30
BKTi	52,205.98 60.34M	-0.31% -161.74
OGTi	35,363.45 11.64M	0.17% 60.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,055.00	65,185.00 65,035.00	-120.00 -0.18%
BRENT CRUDE	82.38	84.44 81.50	-0.11 -0.13%
RICHARDS BAY COAL MONTHLY	105.50	105.50 105.50	-0.25 -0.24%
ROTTERDAM COAL MONTHLY	116.25	117.00 116.25	-0.10 -0.09%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	77.08	78.77 76.53	-0.21 -0.27%
SUGAR #11 WORLD	16.49	16.50 15.49	0.92 5.91%