Pakistan to seal the deal with IMF: Finance Minister Asad Umar

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PESHAWAR: Finance Minister Asad Umar has confirmed that Pakistan is close to signing a deal for financial assistance from International Monetary Funds (IMF).

The announcement comes a day after Prime Minister Imran Khan met with IMF chief Christine Lagarde on the sidelines of the World Government Summit in Dubai.

“There has been a decrease in the difference we had with the IMF. The IMF has changed its position… It seems we have come closer to an agreement with the IMF. Insha’Allah this will be the last agreement. This will happen when businesses grow,” he said while addressing a ceremony at the Sarhad Chamber of Commerce and Industries on Monday.

“If we take the right decisions the economy would rise. It is the responsibility of the business and trading community to put Pakistan on the path towards progress,” he added.

The prime minister told the IMF that Pakistan is willing to sign on the package, Umar added.

He further said the PTI government will simplify the tax procedure in order to widen the tax net.

He shed light on trade ties with neighbouring countries, stating that Pakistan is focusing on boosting trade with Iran and Afghanistan.

He also said Pakistan is working on a Strategic Economic Draft to strengthen economic ties with Turkey.