Pakistan named Abdul Hafeez Shaikh, a former World Bank executive, to head the finance ministry, ending weeks of uncertainty caused by the incumbent’s unexpected exit.
“He is experienced and strong on delivery. His appointment will give a lot of confidence to the stock market and to investors,” said Muddassar Malik, chief executive of BMA Capital Funds, a Karachi-based asset management company.
Source: The Wallstreet Journal
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