Renowned banker Muhammad Aurangzeb emerges as the frontrunner for Pakistan’s next finance minister, a crucial post under the new leadership of Prime Minister Shehbaz Sharif. Former Finance Minister Ishaq Dar, though initially speculated, is reportedly not in contention for the role but may secure another significant position within the government.
With over 30 years of international banking experience, Aurangzeb, currently the President of HBL, brings a wealth of expertise to the table. He has held senior management positions at prestigious institutions like JP Morgan, ABN AMRO, and RBS across various global hubs. Notably, Aurangzeb is the sole Pakistani member of the esteemed Global CEO Council organized by WSJ/DowJones.
Aurangzeb’s credentials extend beyond banking, with notable roles such as Chairman of the Pakistan Banks Association and Director of the Pakistan Business Council. Educated at the renowned Wharton School, University of Pennsylvania, with BS and MBA degrees, his qualifications are impeccable.
However, there are murmurs that Aurangzeb’s nomination as finance minister could face hurdles due to his lack of Pakistani citizenship. Speculations suggest he might be appointed as Special Assistant to the PM instead, awaiting further clarity on his official role in the government.
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