Finance Minister Asad Umar on Tuesday defended the government's strategy to seek loans from multiple sources instead of asking the International Monetary Fund (IMF) to plug the entire gap in the country's financing needs.
Former speaker and PML-N leader Ayaz Sadiq had recently asked the government to take the parliament into confidence over the government's recent negotiations with the International Monetary Fund (IMF), China and Saudi Arabia.
The finance minister today paid a visit to the lower house, where he explained to his fellow parliamentarians that the government approached friendly countries as well as the IMF for help so as to not be dependent on any single source.
"When we went to Saudi Arabia we signed a $3 billion deal," he said. "Naveed Qamar has stayed in the IMF programme, Ishaq Dar is not here but he must also know that all the money does not come from the IMF."
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