ISLAMABAD – Muhammad Aurangzeb, chief executive officer of Habib Bank Ltd (HBL) is likely to get a key role in the finance team of Prime Minister Shehbaz Sharif amid economic challenges.
As the newly-elected premier has hinted in the past, the South Asian country would need another bailout package from the International Monetary Fund (IMF) to overcome financial challenges amid high inflation and depleting reserves. The current $3 billion IMF programme is all set to expire in April 2024.
Aurangzeb is likely to be appointed special assistant to the prime minister on finance, an international media report quoted sources as having said.
Shehbaz Sharif, who has placed the economy on top of its priority list, is yet to name the cabinet
Local media claimed that Aurganzeb would be appointed as finance minister, but the renowned banker is not a member of the parliament, a key requirement to assume charge as full minister.
With an extensive experience of global markets, Aurangzeb has also served as the CEO of JP Morgan’s Global Corporate Bank based in Asia.
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