Asad Umar likely to meet PM tomorrow

Asad Umar likely to meet PM tomorrow
Islamabad: Former Finance Minister Asad Umar on Tuesday arrived in Islamabad and he is likely to meet Prime Minister (PM) Imran Khan tomorrow.

As per details garnered, leaders and ministers of Pakistan Tehreek-e-Insaf (PTI) are making an all-out effort to persuade Asad Umar to rejoin the federal cabinet.

On April 18, the premier had sacked Asad Umar as finance minister. Hafeez Shaikh succeeded him as special advisor to PM on finance.

Asad Umar was offered portfolio of petroleum minister but he declined it.

Former Finance Minister Asad Umar had raised forex reserves from $8 billion to $17 billion in just eight months of his tenure and that too without getting loans from international lending agencies, GNN News reported.

The former but ambitious finance minister also succeeded in shrinking once widening current account deficit (CAD) by considerable 29.5pc to $9.6 billion in the first nine months of the Fiscal Year 2018-19. The same stood at whooping $13.6 billion in the same period during previous fiscal year [2017-18].