{"id":62328,"date":"2020-03-06T11:47:31","date_gmt":"2020-03-06T06:47:31","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62328"},"modified":"2020-03-06T11:47:32","modified_gmt":"2020-03-06T06:47:32","slug":"ongoing-deal-with-imf-set-to-last-one-minister-umar","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ongoing-deal-with-imf-set-to-last-one-minister-umar.html","title":{"rendered":"Ongoing deal with IMF set to be the last one: Minister Umar"},"content":{"rendered":"\n<p>Islamabad: Federal Minister for Planning, Development and Special Initiatives Asad Umar on Thursday said that the current deal with the International Monetary Fund (IMF) \u2013 under its Extended Fund Facility (EFF) \u2013 would be the last one, a news source reported. As per the publication, the minister said that the country\u2019s economy had exhibited a number of \u2018green signals\u2019 due to the boost in industrial activity.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-pakistan-agree-terms-second-review.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF-Pakistan reach agreement on policies, reforms to complete second review (opens in a new tab)\">IMF-Pakistan reach agreement on policies, reforms to complete second review<\/a><\/p>\n\n\n\n<p>Umar said that the inflation had fallen from 14 percent to 12.4 percent and remittances from overseas Pakistanis had increased by 13 percent. The consumption of cement in the country has also increased across the country, he added. The minister said that three special economic zones would be established this year as they made a significant part of the China-Pakistan Economic Corridor (CPEC).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/imf-pakistan-agree-not-introduce-mini-budget.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IMF, Pakistan agree to not introduce mini-budget (opens in a new tab)\">IMF, Pakistan agree to not introduce mini-budget<\/a><\/p>\n\n\n\n<p>Previously, <a href=\"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"State Bank of Pakistan (SBP) Governor Reza Baqir  (opens in a new tab)\">State Bank of Pakistan (SBP) Governor Reza Baqir <\/a>had said that the rising foreign exchange reserves might help Pakistan in avoiding IMF\u2019s assistance. He said that the foreign exchange reserves witnessed an increase of PKR 9.5 billion since July 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Federal Minister for Planning, Development and Special Initiatives Asad Umar on Thursday said that the current deal with the International Monetary Fund (IMF) \u2013 under its Extended Fund Facility (EFF) \u2013 would be the last one, a news source reported. As per the publication, the minister said that the country\u2019s economy had exhibited a number of \u2018green signals\u2019 due to the boost in industrial activity. Read: IMF-Pakistan reach agreement on policies, reforms to complete second review Umar said that the inflation had fallen from 14 percent to 12.4 percent and remittances from overseas Pakistanis had increased by 13 percent. The consumption of cement in the country has also increased across the country, he added. The minister said that three special economic zones would be established this year as they made a significant part of the China-Pakistan Economic Corridor (CPEC). Read: IMF, Pakistan agree to not introduce mini-budget Previously, State Bank of Pakistan (SBP) Governor Reza Baqir had said that the rising foreign exchange reserves might help Pakistan in avoiding IMF\u2019s assistance. He said that the foreign exchange reserves witnessed an increase of PKR 9.5 billion since July 2019.<\/p>\n","protected":false},"author":76,"featured_media":62321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15016],"tags":[22022,22023,22021,22020],"persona":[],"class_list":{"0":"post-62328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-new-developments","9":"tag-development-and-special-initiatives-asad-umar","10":"tag-extended-fund-facility-eff","11":"tag-federal-minister-for-planning","12":"tag-ongoing-deal-with-imf-set-to-be-the-last-one","13":"cat-15012-id","14":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ongoing deal with IMF set to be the last Minister Umar - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Federal Minister for Planning, Development and Special Initiatives Asad Umar on Thursday said that the current deal with the International\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/ongoing-deal-with-imf-set-to-last-one-minister-umar.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ongoing deal with IMF set to be the last Minister Umar - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Federal Minister for Planning, Development and Special Initiatives Asad Umar on Thursday said that the current deal with the International\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ongoing-deal-with-imf-set-to-last-one-minister-umar.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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