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Pakistan closes to sign agreement with IMF

Traders’ responsibility to put Pakistan on the path towards progress, finance minister
OUR CORRESPONDENT
PESHAWAR
Federal Minister for Finance, Asad Umar has said that the meeting between Prime Minister, Imran Khan with Chief of International Monetary Fund (IMF), Christine Lagarde at Dubai remained highly successful as the later expressed willingness to extend support for economic stability of Pakistan.
Speaking to businessmen during his visit to Sarhad Chamber of Commerce and Industry (SCCI) here on Monday, Federal Finance Minister said a consensus has been developed during the meeting between the government and IMF for a financial bail package and the nation will be take into confidence once the accord was finalized.
Asad Umer expressed optimism that this loan package would be the last with the international monetary organization and interest of the country would be protected.
The IMF Managing Director has expressed full support to Pakistan in revival of its economy, he added.
Finance Minister also made a clarification that meeting between Prime Minister, Imran Khan and MD IMF on the sidelines of World Government Summit was not specifically held for holding negotiations on bailout package.
Replying to a question, Asad Umer also made a clarification that meeting of PM with Saad Hariri in Dubai was not aimed at holding discussion on giving NRO (National Reconciliation Ordinance) to anyone and maintained in categorical terms that no deal or relaxation would be given to any corrupt element in the country.
Earlier, President SCCI, Faiz Ahmad Faizi and prominent businessmen of KP including former President FPCCI, Ghazanfar Bilour, Ex-president SCCI, Raiz Arshad, Haji Muhmmad Afzal, Zahid Shinwari, Zarak Khan, Malik Niaz and others spoke on the occasion and raised different issues being faced by business community of the province.
Replying to the points raised by businessmen, Federal Minister said government is committed to provide level playing field to business community and it is up to them to compete internationally as they are the one who provide jobs and generate taxes.
Khyber Pakhtunkhwa has rich potential in fields including hydel power generation, mineral resources, gas deposits and tourism. If these potentials were properly tapped the country especially KP will get enormous economic boost.
Only through Tourism, Pakistan can earn billions of dollars and Prime Minister is giving special attention to development and promotion of this sector, he continued.
Asad Umer said during recent meeting with Malaysian and Turkish authorizes it was revealed that the former country was making an annual earning of dollar 22 billion while the latter as dollar 44 billion.



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