Pakistan's finance minister Asad Umar stepped down in a cabinet shuffle Thursday as Islamabad seeks a crucial bailout deal with the International Monetary Fund.
"As part of a cabinet reshuffle, PM desired that I take the energy minister portfolio instead of finance," Asad Umar tweeted. "Don't expect that there will be miracles and rivers of honey and milk will start flowing in the next three months," he warned.Economist Muzammil Aslam said Umar had taken"tough decisions" to fix the economy.
But experts have warned that any tough measures imposed by the IMF could impact Khan's grand plans for an Islamic welfare state in Pakistan.
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Pakistan's finance minister steps down ahead of IMF dealISLAMABAD: Pakistan's finance minister Asad Umar has stepped down from cabinet, he announced Thursday (Apr 18), ahead of securing a crucial ...
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Pakistan's finance minister steps down ahead of IMF dealISLAMABAD: Pakistan's finance minister Asad Umar has stepped down from cabinet, he announced Thursday (Apr 18), ahead of securing a crucial ...
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