Pakistan not in a hurry to secure IMF bailout: Asad Umar

November 28, 2018 (MLN): Finance Minister Asad Umar has remarked that the government of Pakistan can afford to further delay bailout negotiations with the International Monetary Fund for another two months, a report by Bloomberg said on Wednesday.

Pakistan recently faced a severe Balance of Payment crisis for which it needed funds amounting to $12 billion. After the success of securing bailouts from Saudi Arabia and China, the minister said a two-month delay shall not oppose any harm to the economy of the country.

“We still want to have the program but we aren’t in hurry to have it,” Umar told Bloomberg on during a conference in Islamabad on Wednesday. “We are covered even if it delays for two months.”

Posted on: 2018-11-28T13:53:00+05:00

24468