Govt needs $9 billion to run Pakistan: Asad Umar
ISLAMABAD: Finance Minister Asad Umar on Friday told the Senate that the government needs $9 billion to run Pakistan. He said Pakistan, as per the budget, need $9 billion to run the country.”We are trying to address the root cause that compels us to borrow these $9bn. Off course, we know any policy will take time to yield results,” he added. The minister said that the loan will be taken after taking the Parliament on board. He said a plan to this effect will be finalized in next one or two weeks and then it will be presented before the Parliament for discussion. The minister added that the decision to approach the International Monetary Fund (IMF) for loans will be taken after consultations and taking the parliament into confidence. He also told the house during question hour that the new FBR chairman has been appointed and next week a meeting will be held with the FBR officials to discuss implementation of the reforms strategy. He said currently one million people are filling the...