IMF not the only option: Asad Umar

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ISLAMABAD: The Finance Minister Asad Umar said today that the country is not only relying on the International Monetary Fund for getting economic relief, many other alternative options are also present.

Talking to media persons in the capital, federal minister said that important decisions are being made for financial progress and economic development.

He said that the existing gap in the payments and foreign reserves has now been filled up.

Umar said IMF is just an option to revitalize the economy and that the negotiations are in progress and a contract will be finalized subsequent to a rational and better deal. He said that the decision taken to raise in power and gas tariff is for the affluent class only not for the grief stricken sect of the society.

“The recent support has resulted in a current account deficit of $6-7 billion less than the previous financial year,” the finance minister claimed.