Visible Economy Increase In Last Three Months: Asad Umar
Fakhir Rizvi Published November 18, 2018 | 07:24 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 18th Nov, 2018 ) :Federal Minister for Finance Asad Umar has said in last three months there was a visible increase in the country's economy.
Talking to a private news channel, he said that when Pakistan Tehreek-e-Insaf (PTI) government came in to power, the country was going through economic crisis and the government was considering all the options to uplift the economy.
The Minister said both the foreign visits of Prime Minister Imran Khan were very successful, which helped in settling the economy of the country.
Asad Umar said "the government was taking loan on minimum interest rate, rather looking for financial aid".
He said that bailout package was unavoidable from the International Monetary Fund (IMF) to help country's economic challenges.
He said the government has no plan so far to privatize Pakistan Steel Mills (PSM), Pakistan International Airline (PIA) and Pakistan Railways (PR).
The minister said that there was a good coordination and working relationship with all provinces while there was no difference of opinion among the federal and provincial governments.
Responding to a question regarding appointment of Zulfi Bukhari as the prime minister's Special Assistant on overseas Pakistanis and Human Resource Development, he said the appointment was made after a detailed legal discussions.
He said Zulfi Bukhari was not prime minister's childhood friend who were appointed because of his friendship with the prime minister. He said Zulfi Bukhari was a young foreign businessman who was appointed to bring maximum foreign investment to Pakistan.
Whatever the decision comes from the Supreme Court in Zulfi Bukhari's case, he said the government would obey and implement the court decision.
Replying to another question regarding the privatization, he said that all the good projects of previous government would be continued, adding that a plan was under consideration regarding privatization of LNG Power Plant project.
rpt
Related Topics
Recent Stories
ISSI, FES hold int'l moot 'Pakistan in the Emerging Geopolitical Landscape'
Anonymous allegations against PR chairman rejected
Dallas hosts Kashmiri diaspora: A convergence for environmental, peace advocacy
PML-N’s Central General Council to meet on May 11
Gillani calls for further promoting parliamentary relations between Pakistan, US
Massive financial, administrative scam unearthed at SCCI
Tennis: ATP/WTA Madrid Open results
FCCI welcomes Iranian president's visit
Chief Commissioner briefs Federal Minister Engr Amir Muqam about Raha Program
Millat Express stop at Bandhi extended
Govt. making all-out efforts to enhance energy mix to provide affordable electri ..
ATC adjourns hearing of May-9 violence case till May 11
More Stories From Pakistan
-
ISSI, FES hold int'l moot 'Pakistan in the Emerging Geopolitical Landscape'
23 minutes ago -
Anonymous allegations against PR chairman rejected
23 minutes ago -
Dallas hosts Kashmiri diaspora: A convergence for environmental, peace advocacy
23 minutes ago -
PML-N’s Central General Council to meet on May 11
23 minutes ago -
Gillani calls for further promoting parliamentary relations between Pakistan, US
23 minutes ago -
Chief Commissioner briefs Federal Minister Engr Amir Muqam about Raha Program
27 minutes ago
-
Millat Express stop at Bandhi extended
27 minutes ago -
Govt. making all-out efforts to enhance energy mix to provide affordable electricity to consumers: N ..
27 minutes ago -
ATC adjourns hearing of May-9 violence case till May 11
22 minutes ago -
Young child killed, seven injured in separate accidents in Bahawalnagar
22 minutes ago -
Punjab powers youth mobility: 20,000 bikes to energize student life
22 minutes ago -
PNCA hosts artist talk, workshop on paper cutting
44 minutes ago