Head of Pakistan's biggest bank to lead finance ministry

Muhammad Aurangzeb, currently the chief executive officer and president of HBL bank, was picked over several veterans previously involved in handling the troubled $350 billion economy, including four-time finance minister Ishaq Dar.

Reuters

March 11, 2024 / 13:20 IST

Head of Pakistan's biggest bank to lead finance ministry

The CEO of Pakistan's largest bank was appointed as a federal minister, according to a government document seen by Reuters, and sources said he was likely to be appointed Finance Minister as the South Asian nation looks to tide over a troubling time for its economy.

Muhammad Aurangzeb, currently the chief executive officer and president of HBL bank, was picked over several veterans previously involved in handling the troubled $350 billion economy, including four-time finance minister Ishaq Dar.

Dar was also named a federal minister, according to the document and is likely to get the foreign ministry portfolio, sources said.

Reuters

first published: Mar 11, 2024 01:20 pm

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