Finance Minister declares IMF program ‘indispensable’

Islamabad: The newly elected Federal Finance Minister Muhammad Aurangzeb declared the loan program of International Monetary Fund (IMF0 as indispensable.

In one of his statements, Finance Minister Muhammad Aurangzeb said that the current financial year will be difficult, Pakistan will make a formal request to the IMF for important negotiations soon.

He stated that staff-level talks are expected to start this week as going into the IMF program is inevitable.

The finance minister added that he will use all his energies to solve the problems faced by Pakistan.

It is pertinent to note that yesterday the Federal Cabinet has approved the request of Finance Minister Muhammad Aurangzeb to regain Pakistani citizenship.

Muhammad Aurangzeb has also resigned from the post of Chief Executive Officer (CEO) and President of the private bank where he was serving since April 30, 2018.