Former Finance Minister Asad Umar revealed that he had presented Prime Minister Imran Khan with another plan instead of turning to a program of the International Monetary Fund (IMF).
According to media reports, at a ceremony at the Karachi School of Business and Leadership, Asad Umar said he had made it clear to Prime Minister Imran Khan that going to the IMF was an option and not a constraint.
He added that the alternative option was to use Prime Minister Imran Khan’s positive reputation in the international financial market, as well as Pak’s army ties with the Gulf countries. Asad Umar presented this alternative project as Minister of Finance to the Prime Minister, one month before he was removed from his position.
Asad Umar had announced to resign from Finance Ministry during a press conference, which was followed by a massive shuffling in Federal cabinet, resulting in changing of portfolios of various ministers.
Asad Umar was offered the Ministry of Petroleum instead of Finance, but rejected the offer. Subsequently, many efforts were made to persuade Asad Umar to continue to be part of the cabinet, later he was appointed as the chairman of Senate Standing Committee for Finance.
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