ISLAMABAD - Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar on Sunday said the national economy was in a shambles and the PTI government could utilise the option of International Monitory Fund (IMF) loans to help stand on its own feet.

Some quick decisions would have to be taken to stabilise the economy, he said talking to private news channel.

Asad Umar said tax rate would not be enhanced; however, some new commodities would be brought under the tax net.

He said all agreements signed by the previous governments with foreign countries, including the deal for import of liquefied natural gas, would be presented before the parliament.  The PTI government, he said, would take all steps as per law and the Constitution, and no discrimination would be made in that regard. It would ensure transparency in all the projects of national importance, which it would undertake, he added.

Asad Umar said the stolen national wealth stashed anywhere in the world would be brought back to the country. Investigations would be carried out about $200 billion of Pakistanis lying in Swiss banks, he added.

He alleged said the National Bank of Pakistan president was involved in money laundering and he would be removed. He said the PTI government would issue special investment bonds for overseas Pakistanis.

To a query, he said measures would be taken for improving the agriculture sector.

He assured that PTI chief Imran Khan would fulfill all the pledges he had made during the election campaign and with the help of his experts and competent team would steer the country out of the crises and thus come up to the people’s expectations.

He said despite having majority, the Pakistan Muslim League-Nawaz (PML-N) government had not privatised a single non-profitable state-owned organisation and taken any steps to resolve the problems being faced by the economy for the last 10 years.

He alleged that the PML-N did not provide level-playing field to the industry and trade sectors. It took foreign loans on massive scale, which were now affecting foreign reserves. The then finance minister Ishaq Dar, who had no knowledge of economy, had artificially increased foreign reserves by taking loans from international organisations, he added.

Asad Umar said decisions regarding exchange rate or monetary policy should be taken by the State Bank and not the finance ministry. There should also be no political intervention, which, in fact, impeded the state institutions from performing their functions properly, he stressed.

He said PTI Chairman Imran Khan wanted the industry to flourish and his government would provide facilities to industrialists.

Replying to another query, he said Pakistan, which was currently burdened under $95 billion external loans, would have to reduce its trade deficit.