Earlier during an interview with Arab News, Finance Minister Asad Umar dispelled the notion that Pakistan is facing a financial emergency and said that there is no need to rush to the International Monetary Fund (IMF) for a bailout.
“Pakistan is not in an emergency situation that requires it to rush to the IMF to seek a bailout,” the finance minister said
“We have neither stopped imports nor imposed financial sanctions,” he continued.
However, the finance minister emphasised, “We need to take well-measured decisions. As a situation emerges, we take steps to manage it. We don’t want to take decisions in emergency.”
Regarding the scheduled visit of IMF’s staff mission to Pakistan on September 27, Umar said, “We are in discussion with them, but this is not to negotiate for a loan. Our purpose is to do our homework, in case we want to approach them at some stage.”
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