ISLAMABAD (Reuters) - 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 Auganzeb, 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.
(Reporting by Asif Shahazad, writing by Shilpa Jamkhandikar; Editing by Kim Coghill)
Price
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 6,530 KRW | -0.91% | +7.58% | 107M | ||
| 2,732 PTS | +0.68% | +0.12% | - | ||
