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Asad Umar says IMF negotiations to conclude in two days

April 12 , 2019

Photo: AFP

Finance Minister Asad Umar has said negotiations with IMF officials over a package for Pakistan are likely to conclude in the next two days. 

He also refuted rumours that he has resigned or been fired. I am not going anywhere, he told reporters in Washington. The finance minister is heading a delegation that is in the US to hold a series of meetings with the IMF and World Bank as part of the IMF/World Bank Spring Meetings 2019.

The IMF programme will be finalised soon, he said, adding that before the IMF set its conditions for the package, the Pakistani government implemented a number of structural changes.

Related: World Bank assures Asad Umar of continued support for Pakistan

He announced that an IMF delegation will come to Pakistan in the next few weeks and the technical details surrounding the package will be finalised.

We had to approach the IMF because of a few people, Umar explained. He said that the PPP and PML-N also had to go to the IMF for loans during their tenures.

On Thursday, Umar met the new head of the World Bank, David Malpass, who assured him of continued support for Pakistan.

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