The former Finance Minister
was placed under observation at the hospital's Cardio-Neuro-Centre.
Afidah pointed out that it is not usual practice for a government guarantee letter to be signed by the finance minister
as it is usually only taken up to the level of the second finance minister
The petitioner wondered if any adviser could function as the federal finance minister
under Article 93 of the Constitution.
Stating that "Bilawal is very concerned that debts are rising", the former finance minister
said, "During PPP's government, debts rose by 135%."
Since four finance ministers
were changed during your [PPP] tenure does that make you more incompetent?" Umar asked Umar, while comparing statistics said that while budget deficit is increasing and might exceed 6.5 per cent this year, during PPP rule, the deficit on an average was 7 per cent and there were years when 8 per cent was also recorded.
"It was not appropriate for Asad Umar to leave the ground this way," the former finance minister
In his statement, Dar accused Umar of misleading the nation since 2014, adding, 'Asad Umar remained the finance minister
for eight months and laid distorted facts before the nation'.
The Finance Minister
also held a meeting with a team of World Bank's Multilateral Investment Guarantee Agency (MIGA) led by its Chief Operating Officer, Vijay Iyer, and shared views about the privatization policy of the government and the expansion of public private partnership framework in the country.
The Saudi Finance Minister
apprised the Finance Minister
Asad Umar of increasing growth momentum of Saudi economy and potential employment opportunities for Pakistani construction workers in Saudi Arabia.
During the meeting, the finance minister
apprised the WB President of the macroeconomic situation in the country and discussed continuation of Pakistan's ongoing engagement with the Bank.