Inflation to peak over next four months before falling down: Asad Umar

ISLAMABAD: National Assembly’s Standing Committee on Finance Chairman Asad Umar said that the rate of inflation will remain high over the next two to four months before it begins to decline.


Speaking in a private news channel interview, the ex-finance minister said that during his tenure as the finance minister, he advised Prime Minister Imran Khan about the options, including the one on not approaching the International Monetary Fund (IMF).

All the experts on finance suggested that the government will have to approach the IMF to alleviate the economy, said Umar.

He added, “Imran Khan is the team’s captain, so he thought a batsman should be sent who can score centuries… As for now, Hafeez Sheikh has only delivered two balls.”

The prime minister knows that whether he is in the cabinet or not, he is an integral part of the Pakistan Tehreek-e-Insaf (PTI) team, said former finance minister.

The chairman of the NA’s Standing Committee on Finance said that he told the Competition Commission of Pakistan to inquire a rise in prices of five consumable items including sugar.


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