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Ex-JP Morgan banker Muhammad Aurangzeb becomes Pakistan’s new finance minister
Credit: IndiaTimes- Published on March 12, 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...
Video credit: Oneindia
Published on March 15, 2024 - 02:25
IMF Question Pakistan Over Claims of Meeting Targets Even Before Proper Review| Oneindia News
The IMF team, led by Nathan Porter, expressed dismay at Pakistan's finance ministry for prematurely claiming fulfillment of structural benchmarks. Before completing their review, the team arrived to analyze economic data. The ministry's premature announcement left the IMF unable to provide feedback. Pakistan's finance minister assured such incidents wouldn't recur. Discussions continue for the release of the last $1.1 billion tranche, with speculation of a potential mini-budget to boost revenues.
#IMF #NathanPorter #PakistanEconomicCrisis #IMFPakistan #PakistanEconomy #IMFBailout #Worldnews #Pakistannews #Economynews #Oneindia #Oneindianews
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