Finance Minister Asad Umar has said there is no economic crisis in the country as the financing gap for the current fiscal year has been met.

Inaugurating the 11th South Asia Economic Summit organized by Sustainable Development Policy Institute in Islamabad on Tuesday, he said spreading rumors about the national economy would not do any service to the country. 

The Finance Minister said all the fundamental economic indicators are now improving with exports witnessing an upward trend while the imports are decreasing. He said the current account deficit is also being overcome gradually.

The Finance Minister said there will be no compromise on the independence of State Bank of Pakistan rather if needed, it will further be institutionalized.

The Finance Minister said Pakistan is emerging as a vibrant economy and offers immense opportunities for investment.

Asad Umar stressed that intraregional trade is of vital importance to bring the people out of poverty and attaining the goals of progress and prosperity.

He said the government will continue to take Kartarpur like initiatives in order to promote the message of peace and prosperity.

A large numbers of experts in different sectors both from Pakistan and abroad are attending the conference.

It is deliberating upon ways and means to achieve sustainable development goals.