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Finance Minister Asad Umar resigns amid IMF-bailout talks

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Asad Umar resigns

Pakistan’s Finance Minister Asad Umar has decided to step down from Imran Khan’s cabinet. The PTI politician, who won twice consecutively from Islamabad’s NA-53 constituency, Tweeted about his decision ending the speculations that started earlier this week.

Asad Umar’s resignation has created a new debate on Pakistan Tehreek-e-Insaf’s plans to take a bailout package from International Monetary Fund (IMF), something Imran Khan himself was not in favor of prior to the elections.

Asad Umar’s decision has come amid economic crisis and months before PTI government’s first-ever federal budget expected in June this year.

The former Pakistani Finance Minister appeared in a press conference an hour after he Tweeted about his decision to leave the position.

“I told Imran Khan that I wouldn’t continue to be part of the cabinet,” said Asad Umar talking to reporters in Islamabad

“The next budget will be a difficult one,”

“No one should expect from the new finance minister that things could be better in three months’ time,” he added.

Pakistan 27/7 Staff keeps you updated with the breaking news and the latest stories from around Pakistan, Kashmir and Gilgit-Baltistan.

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Military

Pilot martyred as PAF F-16 crashes near in Islamabad during Pakistan Day rehearsals

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PFA Falcons (YouTube)

A Pakistan Air Force (PAF) F-16 aircraft crashed near Shakarparian, Islamabad on Wednesday during rehearsals for the March 23 parade, an air force spokesperson confirmed.

Rescue teams rushed to the site of the crash while a board of inquiry has been ordered by Air Headquarters to determine the cause of the accident, the statement added.

Rescue 1122 personnel arrived at the location soon after the crash.

The statement, however, made no mention of the pilots of the aircraft. “We are ascertaining the losses,” a PAF spokesman told Reuters by phone.

Shakarparian is a hill in the capital, located near the Zero Point Interchange.

APP34-30 KARACHI: October 30 – Air Chief Marshal Mujahid Anwar Khan, Chief of the Air Staff, Pakistan Air Force awarding Sher Afghan Trophy for best marksman to Wing Commander Noman Akram during the closing ceremony of Inter Squadron Armament Competition at an Operational Air Base. APP

According to initial reports, Wing Commander Noman Akram, the pilot of the unfortunate fighter F-16 jet, could not survive.

This is the third crash of a PAF aircraft in 2020.

Sources: Deputy Commissioner, Islamabad, Dawn, Express Tribune.

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Prime Minister Imran Khan devastated on the death of Naeemul Haque

Prime Minister Imran Khan says he is devastated on the death of his oldest friend Naeemul Haque.

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PM Imran Khan sad face

Prime Minister Imran Khan says he is devastated on the death of his oldest friend Naeemul Haque.

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Senior PTI Politician Naeem ul Haque Passes Away at the age of 70

Special Assistant to Prime Minister Imran Khan and senior PTI politician Naeem ul Haque has lost his battle against cancer and passed away in Karachi at the age of 70.

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Naeem ul Haque

Special Assistant to Prime Minister Imran Khan and senior PTI politician Naeem ul Haque has lost his battle against cancer and passed away in Karachi. He was 70.

Earlier, he was shifted to Aga Khan University Hospital deteriorating health.

Naeem ul Haque served as the Special Assistant on Political Affairs to Prime Minister Imran Khan.

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