By Imad Zafar Published: April 19, 2019 0 SHARES Share Tweet Email Asad Umar is hardly the only one to be blamed for the mismanagement that led to this economic turmoil. The Pakistan Tehreek-e-Insaf (PTI) government has, after much criticism, finally shuffled its cabinet. Many federal ministers, such as Ghulam Sarwar, Fawad Chaudhry and Shehryar Afridi, have been given different portfolios, while Finance Minister Asad Umar refused to accept a cabinet position and has thus stepped down from office. Though Umar’s removal did not come as a surprise – his performance was heavily criticised and his departure was expected – it is the timing that is questionable. Pakistan’s economy is in shambles, relying heavily on the bailout from the International Monetary Fund (IMF), which Umar had been negotiating for the past few months. Now when the deal has almost been finalised, his abrupt departure will only worsen confidence in the economy and its future. Then … [Read more...] about With Asad Umar gone, who will Imran Khan blame for his government’s failure?
He responded to turmoil with rupee depreciation, two supplementary budgets 0SHARES Share Tweet Email Recommended Stories Asad Umar highlights steps taken to woo investorsYao Jing calls on Asad Umar in IslamabadHafeez Sheikh brought in to replace Asad Umar in major cabinet reshufflePM Imran Khan reshuffles federal cabinetBilawal 'congratulates' nation after Asad Umar's removalImran Khan cannot escape responsibility of this economic catastrophe, says Shehbaz … [Read more...] about Asad Umar’s challenging eight-month journey
By Muhammad Bilal Lakhani Published: April 14, 2019 0 SHARES Share Tweet Email M Bilal Lakhani in conversation with Finance Minister Asad Umar after his meeting with the IMF in New York City on April 13, 2019. Right after his meetings with the International Monetary Fund (IMF) in Washington, I had the opportunity to sit down for tea with Finance Minister Asad Umar at the Pakistani consulate in New York City. We talked about his negotiations with the IMF, unpacked his outlook on the Pakistani economy as well as the personal toll this job is taking on him (his wife wants him to leave the job because of the amount of time it’s taking away from her!). The second thing I noticed about Umar when he entered the room was how tall he actually is in person. The first thing I noticed was how visibly exhausted he looks. By nature, he is an irrepressibly optimistic man but it’s clear that the weight of the office he holds is bearing down on him (although he attributes his … [Read more...] about Spilling tea with Asad Umar post-IMF: “We were very close to the landing zone; now we have landed”
By Raza Habib Raja Published: March 17, 2019 0 SHARES Share Tweet Email The finance minister mocked the PPP chairman for adopting his mother’s family name and for delivering his speech in English. A few days ago, Bilawal Bhutto Zardari addressed the National Assembly in the English language. I did not see it at first and in fact, my attention was drawn to it after hearing Finance Minister Asad Umar’s rebuttal, which was tweeted by PTI’s official Twitter account: Finance Minister @Asad_Umar reminds Mr @BBhuttoZardari of how a grassroots worker beat PPP in its own heart of Lyari, and how his speech in English today toeing India’s narrative was postured for a specific international audience whose bidding he does. #PTI pic.twitter.com/fKYaHhiUWa — PTI (@PTIofficial) March 6, 2019 In his rebuttal, the finance minister first mocked the PPP chairman for adopting his mother’s family name. He ‘reminded’ him that he is a … [Read more...] about Asad Umar mocking Bilawal Bhutto is a new low, even by Old Pakistan standards
I really don't have regrets in life, says the finance minister 0SHARES Share Tweet Email Recommended Stories No rift with Asad Umer or any other PTI leader, says Jahangir TareenSays PTI has the capability to even win the mid-term elections‘Pakistan has debt problem, but not China debt problem’Finance Minister Asad Umer rubbishes idea of CPEC being a sinister move to cause economic problems'Pakistan's balance of payments crisis is over - for now'Finance Minister Asad Umer says SBP governor-led team to hold talks on Chinese aid on Nov 9 … [Read more...] about Why is Asad Umar so bullish on life & Pakistan?