Facing heat over crumbling economy, Pakistan's finance minister steps down
Asad Umar had been facing enormous heat - particularly from political rivals - at a time when the Pakistani economy is in absolute shambles.
Apr 18, 2019, 15:17 PM IST
Pakistani currency tumbles but finance minister focuses on critics
For each American dollar, one can get 145 Pakistani rupees. Asad Umar, however, says he is against artificially maintaining the exchange rate.
Apr 08, 2019, 19:36 PM IST
Pakistan to make economic zones under CPEC more investor friendly
Both China and Pakistan have agreed to make CPEC focus on industrial cooperation after the first five-year early harvest period since 2013.
Feb 05, 2019, 10:47 AM IST
Saudi Arabia likely to make biggest investment in Pakistan's history
Pakistan finance minister Asad Umar has said the package would be announced soon.
Dec 13, 2018, 16:14 PM IST
Pakistan wants bailout packages but finance minister says no economic crisis
Asad Umar has said statements on the economy being in trouble are just rumours.
Dec 05, 2018, 08:41 AM IST
Pakistan justifies approaching foreign countries for financial help
Pakistan's finance minister has said that he does not want to depend too much on any one source of assistance.
Oct 30, 2018, 19:09 PM IST
US could choke Pakistan's request for IMF bailout package due to Chinese debt concerns
Reports suggest Pakistan has requested for $8 billion from the IMF. The US has said it would examine the country's current debt situation.
Oct 13, 2018, 08:39 AM IST
Pakistan's finance minister reveals country needs billions of dollars to stay afloat
Newly-appointed Asad Umar has told Pakistan Senate that all options are under consideration but there is no doubting the money required to be borrowed.
Aug 31, 2018, 17:09 PM IST
Pakistan needs $12 billion just to stay afloat, admits incoming finance minister
Asad Umar has denied his country has a Chinese debt problem but admits a bailout package is the urgent need of the hour.
Aug 05, 2018, 08:50 AM IST
