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Quick decisions needed to fix the economy: Asad Umar

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  • Post category:Pakistan / Politics
  • Post last modified:05/08/2018
  • Reading time:2 mins read

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar Saturday said quick decisions were needed to fix the national economy and the PTI after forming the government would immediate steps in that regard.
Talking to a private news channel, he said despite having majority, the Pakistan Muslim League-Nawaz (PML-N) government had not privatised a single non-profitable state-owned organisation and taken any steps to resolve the problems being faced by the economy for the last 10 years.
He alleged that the PML-N did not provide level playing fields to the industry and trade sectors. It took foreign loans on massive scale, which were now affecting foreign reserves. The then finance minister Ishaq Dar, who had no knowledge of economy, had artificially increased foreign reserves by taking loans from international organizations, he added.
Asad Umar said decisions regarding exchange rate or monetary policy should be taken by the State Bank and not the finance ministry. There should also be no political intervention, which, in fact, impeded the state institutions from performing their functions properly, he stressed.
To a question, he said the PTI might differ from the policy of International Monitory Fund (IMF) and no decision had yet been taken fro approaching the IMF.
He said PTI Chairman Imran Khan wanted the industry to flourish and his government would provide facilities to the industrialists.
Replying to another query, he said Pakistan, which was currently burdened under $95 billion external loans, would have to reduce its trade deficit.



M. Nasir Uddin commenced his career 25 years ago as sub-editor with PPI News Agency. For the last 20 years he remained associated with leading Urdu daily Express brought out from over ten different stations simultaneously. He reports religious parties, national politics and local bodies etc.