ISLAMABAD: Finance Minister Asad Umar said on Monday that talks with the International Monetary Fund (IMF) have entered the final stage, and the economy has been recovered from an “ICU state.”
Reportedly, he addressed an event in Islamabad where he asserted that “the phase of crisis has ended” and now the country is heading towards development and prosperity.
“We have entered into the stage of sustaining the economy,” he said, adding that several claims were made regarding the uplift of democratic norms in the country but were never implemented.
“The critical issues cannot be resolved by only addressing election-related matters,” he went on to say.
He said that it was an unfortunate situation to observe many countries moving ahead than us [Pakistan].
He revealed that Pakistan has not been exporting enough goods for increasing trade.
While criticising previous government [led by PML-N], he said the PTI-led government has “inherited the bad economy.”
“We are taking loans to pay interest on the external debt,” he said, adding that Rs800 billion is allocated for only paying interest on the total debt.