{"id":31730,"date":"2018-09-28T21:10:53","date_gmt":"2018-09-28T11:10:53","guid":{"rendered":"http:\/\/leadpakistan.com.pk\/news\/?p=31730"},"modified":"2018-09-28T21:10:53","modified_gmt":"2018-09-28T11:10:53","slug":"economy-in-critical-phase-but-soon-will-be-back-on-track-asad-umar","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/economy-in-critical-phase-but-soon-will-be-back-on-track-asad-umar\/","title":{"rendered":"Economy in critical phase but soon will be back on track: Asad Umar"},"content":{"rendered":"<p>ISLAMABAD : Federal Minister for Finance Asad Umar has said though the economy of Pakistan is currently in a critical phase but hopefully it will soon be back on track.<\/p>\n<p>Addressing an event organized by Islamabad Chamber of Commerce and Industry (ICCI) here on Friday, Asad Umar said, \u201cPakistan\u2019s economy is currently undergoing heart bypass surgery and after it is successfully completed, the economy will be back on track and running.\u201d<\/p>\n<p>Speaking regarding ongoing talks with the International Monetary Fund (IMF), he said, \u201cThey are part of routine.\u201d<\/p>\n<p>\u201cThere is no plan to seek a bailout just yet,\u201d the Finance Minister stated.<\/p>\n<p>\u201cHowever, if we need to approach IMF for a bailout then the talks that are taking place right now will be form the basis for it,\u201d Umar further said.<\/p>\n<p>An IMF mission is currently on a week-long visit to the country and the first day of talks between Pakistani officials and the delegation concluded in Islamabad on Thursday.<\/p>\n<p>The finance secretary led Pakistani side during the talks in Islamabad, while country director Herald Finger headed the IMF delegation.<\/p>\n<p>Sources said that Thursday&#8217;s talks were post-programme and staff-level, and added that similar rounds of talks were held in Washington during the caretaker government&#8217;s tenure.<\/p>\n<p>Stating that the talks will continue for a week, the sources added that Thursday&#8217;s meeting reviewed the challenges facing Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD : Federal Minister for Finance Asad Umar has said though the economy of Pakistan is currently in a critical phase but hopefully it will soon be back on track. Addressing an event organized by Islamabad Chamber of Commerce and Industry (ICCI) here on Friday, Asad Umar said, \u201cPakistan\u2019s economy is currently undergoing heart bypass [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":29120,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-31730","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economy in critical phase but soon will be back on track: Asad Umar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/economy-in-critical-phase-but-soon-will-be-back-on-track-asad-umar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy in critical phase but soon will be back on track: Asad Umar\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD : Federal Minister for Finance Asad Umar has said though the economy of Pakistan is currently in a critical phase but hopefully it will soon be back on track. Addressing an event organized by Islamabad Chamber of Commerce and Industry (ICCI) here on Friday, Asad Umar said, \u201cPakistan\u2019s economy is currently undergoing heart bypass [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/economy-in-critical-phase-but-soon-will-be-back-on-track-asad-umar\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-28T11:10:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2018\/07\/PTI-leader-Asad-Umer-e1532613936695.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"425\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta 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