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Pakistan’s Finance Minister Resigns Amid Economic Crisis

Pakistan Finance Minister Asad Umar has resigned days after returning home from crucial talks with the International Monetary Fund (IMF) on a financial bailout package to avert a national balance of payments crisis. While formally announcing his decision to leave Thursday at a hurriedly arranged news conference in Islamabad, Umar explained that he was asked to take the energy minister position instead of finance as part of a Cabinet reorganization. Umar acknowledged his successor would have to make "some difficult decisions” to deal with economic challenges facing Pakistan. It is unclear who will succeed Umar. Prime Minister Imran Khan’s eight-month-old administration has faced sustained criticism from political opponents, independent commentators and the business community over the government’s handling of the economic crisis facing the country. Much of that criticism was leveled against Umar.......................

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