Pak Finance minister on IMF deal

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Finance Minister Asad Umar Wednesday held comprehensive meetings with high-level officials of the World Bank and the International Monetary Fund (IMF)  on the sidelines of the Annual Spring Meetings.

The finance minister was surrounded by journalists asking about his talks with the financial institutions.

Asad Umar, having a smile on his face, responded as saying: “Are you mad? They wouldn’t let me land in Pakistan if I speak to one news channel.”  

 During his visit, the finance minister also met with Hartwig Schafer, the vice president for South Asia at World Bank, and was scheduled to participate in a talk with the assistant secretary and acting assistant secretary of the US Treasury.

On the other hand, he chaired a meeting with the members of the US-Pakistan Council to explore investment opportunities and prospects in Pakistan.

The minister,  before leaving Islamabad, had said the talks with the IMF for a funding package was in their final stages. Separately, the global financial organisation released its World Economic Outlook that projected Pakistan’s growth prospects at around 2.5 percent by 2024.

The News