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Asad Umar: Ready to share details of CPEC debts with IMF

The IMF team, Umar said, was scheduled to arrive in Pakistan on November 7 to negotiate the programme, likely to span over a three-year period

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 Asad Umar Pic/AFP

Asad Umar Pic/AFP

Pakistan is ready to share details of the debt related to the China-Pakistan Economic Corridor (CPEC) with the IMF, Finance Minister Asad Umar has said while rejecting the US' view that China-funded projects were to blame for the cash-strapped country's current economic woes.

Speaking on his return from Indonesia where he requested International Monetary Fund's Managing Director Christine Lagarde for a bailout package for Pakistan, Umar said the decision to approach the global lender was taken after consultations with friendly countries. Pakistan would share "normal debt-related information about CPEC with the IMF", the Express Tribune Sunday quoted the finance minister as saying.

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