Pakistan to bridge gap of 12 billion US dollar: Asad Umar

ISLAMABAD: Federal Minister for Finance Asad Umar on Tuesday expressed the hope that the country would bridge the gap of 12 billion US dollars through loans being sought from various foreign institutions and banks.

Pakistan needed to fill this and for this, the present government would seek the loan facility from International Monetary Funds, World Bank, and Asian Development Bank, etc., he stated while talking to a private news channel.

Taxes had been levied on luxuries items including cars, he said, adding focus would be given to expedite exports by improving industrial sectors.

To a question about power and gas pilferage, he said through modern technology, we would control such heinous activities.

To another question regarding current account deficit, he said the previous governments were responsible for damaging the economy and other institutions.

The PTI government had put 100-day plan on the website, he said adding that we were trying to stabilize the economy of the country.

Replying to a question about housing project, he said it was a difficult task but we would implement this gigantic project for benefiting the low income group.

He said the government would provide shelters to low income people and the private sector would invest to achieve the target of 5,000,000 houses.

Asad Umar said the government would make legislation and formulate the policy for housing project.

Good governance, he said, would address the challenges being faced by the country.

People have expressed full confidence in the honest leadership of PTI chief Imran Khan, he added.