ISLAMABAD – Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar highlighting the outcomes of the party’s plan for first 100 days said that it will clear the path to achieve the promises made to the public during election campaigns.
Umar who is widely tipped to become the finance minister of the PTI government, while addressing a press conference further clarified that providing any relief and subsidy to the people in first 100 days was like giving lollipops, an English daily reported.
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Talking about the economical uncertainty in country, the lawmaker-elect said that the incoming government has various options on table, including introducing profitable dollar bonds to tap into potential of overseas Pakistanis. There are various bilateral and multiletral options that can be availed after coming into the power.
All economic decision-making should be transparent and the agreements should also be tabled in the parliament for discussion unless some real secrets were not involved, the likely new finance minister said.
Umar said that the PTI had been demanding that the China-Pakistan Economic Corridor Project and Liquefied Natural Gas (LNG) should be presented in the parliament to make the process transparent. He vowed to bring these agreements to parliament.
The PTI leader also slammed the previous government of the Pakistan Muslim League-Nawaz for reckless spending for political favours and borrowing heavily that causes financial crisis in the country .
Umar said his party has not yet been given access to the official economic data of the country, but added that Pakistan has not landed in such situation for the first time and hoped that it will survive it again.
Amid the depleting foreign reserves which are putting pressure on the economy, he said that Pakistan must decide by the end of September if it will seek assistance from the International Monetary Fund (IMF).
As the US is trying to make the IMF bail out to Pakistan conditional, he reiterated that Pakistan has parallel options to the IMF, including loans from friendly countries or remittances from overseas Pakistanis.
In July, US Secretary of State Mike Pompeo raised concerns over any IMF bailout being used to repay Chinese loans to Islamabad.
“There’s no rationale for IMF tax dollars — and associated with that, American dollars that are part of the IMF funding — for those to go to bail out Chinese bondholders or China itself,” Pompeo told US television station CNBC.
