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Ex-JP Morgan banker Muhammad Aurangzeb becomes Pakistan’s new finance minister
Tuesday, 12 March 2024
Pakistan's newly elected Prime Minister Shehbaz Sharif appointed former JPMorgan Chase & Co. banker Muhammad Aurangzeb as finance minister to revive the cash-strapped economy. Securing loans from the IMF is the top priority. Sharif aims to fix the country's deep-rooted issues through structural reforms and secure the final IMF program tranche by April. Investors remain optimistic.
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