Diabytes
Asad Umar News
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Asad Umar had been facing enormous heat - particularly from political rivals - at a time when the Pakistani economy is in absolute shambles.
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For each American dollar, one can get 145 Pakistani rupees. Asad Umar, however, says he is against artificially maintaining the exchange rate.
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Both China and Pakistan have agreed to make CPEC focus on industrial cooperation after the first five-year early harvest period since 2013.
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Pakistan finance minister Asad Umar has said the package would be announced soon.
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Asad Umar has said statements on the economy being in trouble are just rumours.
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Pakistan's finance minister has said that he does not want to depend too much on any one source of assistance.
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Reports suggest Pakistan has requested for $8 billion from the IMF. The US has said it would examine the country's current debt situation.
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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.
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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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