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Asad Umar News

18 Apr 2019

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.

08 Apr 2019

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.

05 Feb 2019

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.

13 Dec 2018

Saudi Arabia likely to make biggest investment in Pakistan's history

Pakistan finance minister Asad Umar has said the package would be announced soon.

Pakistan economy

05 Dec 2018

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.

30 Oct 2018

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.

13 Oct 2018

US could choke Pakistan's request for IMF bailout package due to Chinese debt

Reports suggest Pakistan has requested for $8 billion from the IMF. The US has said it would examine the country's current debt situation.

Pakistan economy

31 Aug 2018

Pakistan's new finance minister reveals country needs billions 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.

05 Aug 2018

Pakistan needs $12 billion just to stay afloat, admits incoming FM

Asad Umar has denied his country has a Chinese debt problem but admits a bailout package is the urgent need of the hour.

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