SUNDAY TIMES ISLAMABAD:The finance minister expressed his thoughts while inspecting construction of a double-crossing bridge at Tarnol’s GT Road here.

“I am going to hold negotiations with International Monetary Fund (IMF) in next month,” he announced.

Umar clarified that the federal government was not cutting a single penny in funds allocated for the development projects initiated under the China-Pakistan Economic Corridor (CPEC).

He reiterated, “We are going through difficult times but development work will not be stopped.”

The finance minister said that how resources could be generated when the government was facing Rs600 billion deficit on electricity and gas.

He criticised that the deficit money will not come from bank accounts of Asif Ali Zardari and Nawaz Sharif.

It is pertinent to mention here that the government’s policy measures had resulted in shrinking of trade deficit, decline in imports and increase in exports which augurs well for overall balance of payment of the country.