Why Pakistani Finance Minister is Going to Resign?
Tuesday, February 23, 2010
Tarin was appointed the prime minister's top adviser on economic affairs in October 2008 and later sworn in as finance minister. In March 2008, a consortium comprising the International Finance Corporation, Bank Muscat, Nomura and Sinthos Capital, led by Tarin and another Pakistani banker, Sadeq Saeed, bought an 86.55 percent stake in Silk Bank for about $213 million.
"New investors in his Silk Bank had set preconditions that they will invest billions in the bank provided a seasoned banker like Tarin pays full-time attention,".
Tarin's resignation is not expected to destabilise the government but international donors will be keen to see a respected minister appointed in his place.Tarin had suggested three candidates to replace him as following.
- Former cental bank governor Ishrat Husain,
- Senior economist Hafiz Pasha and
- Chief executive of Arif Habib Investment Ltd, Nasim Beg.
Labels: Pakistan, Shaukat Tarin
posted @ 12:59 PM,
0 Comments:
Post a Comment