June 1, 2024
Finance

Pakistan’s new finance minister Muhammad Aurangzeb is an ex-JPMorgan banker

Pakistan’s prime minister Shehbaz Sharif picked former banker from JPMorgan Chase & Co. Muhammad Aurangzeb as country’s next finance minister. The 59-year old was appointed to the position after he stepped down as chief executive officer of Pakistan’s biggest bank Habib Bank Ltd. Other possible candidates for the post were longtime Shehbaz Sharif ally Ishaq

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Finance

Pakistan PM to choose banker Aurangzeb as finance minister, sources say

The CEO of Pakistan’s largest bank was picked as a federal minister in the country’s new cabinet sworn in on Monday, and sources said he was set to be appointed finance minister. A national election last month resulted in no party holding a majority, after which a coalition alliance elected Shehbaz Sharif as prime minister

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