‘Aurangzeb’s appointment as FinMin positive step’

US economic journal Bloomberg has described the appointment of Muhammad Aurangzeb as the finance minister a positive step.

The economic journal says that the appointment of Mohammad Aurangzeb before the new IMF program is a positive step as investors were interested in the appointment of the new finance minister of Pakistan.

According to Bloomberg, the appointment of a technocrat as finance minister will help in solving the challenges faced by Pakistan and the role of the finance minister in the negotiations with the IMF will be key.

The magazine said that Muhammad Aurangzeb will do whatever it takes to bring about reforms, and his past suggests he wants to tax real estate and retailers to broaden the tax base.

The new finance minister will support SIFC in the privatization process, it added.