Investors interested in Pakistan's new finance minister: Bloomberg

Washington DC: The US economic journal Bloomberg described the appointment of Muhammad Aurangzeb as the finance minister as a positive step.

The economic journal Bloomberg said that the appointment of Muhammad Aurangzeb before the new International Monetary Fund (IMF) program is a positive step, 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.

Bloomberg stated that Muhammad Aurangzeb will do whatever it takes to bring about reforms. His past suggests that he wants to tax real estate and retailers to broaden the tax base.

According to the Bloomberg, the new finance minister will support Special Investment Facilitation Council (SIFC) in the privatization process.