Pakistan needs $9 billion to run country, Asad Umar told Senate

ISLAMABAD: The Finance Minister Asad Umar on Friday told Senate that as per the budget, Pakistan need $9 billion to run the country.

Advertisement

He further said the decision to approach the International Monetary Fund (IMF) for loans will be taken after consultations and taking the parliament into confidence.

According to media reports, the minister said that Financial Action Task Force (FATF) had given Pakistan 15 months to comply with its requirements, with the deadline set to expire in September 2019.

He further said that National Action Committee had been formed to deal with this issue.

Asad Umar pointed out that exports witnessed decline and imports surged continuously over the last five years, and the government had to obtain loans to fill the gaps.

The finance minister informed that Prime Minister Imran Khan would chair a high level meeting on Monday to discuss issues relating to currency smuggling and money service providers.

Advertisement