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Reuters
Reuters
Business
Syed Raza Hassan

Pakistan's new finance minister faces tight time frame to tackle crises

FILE PHOTO: Pakistan's new finance ministry chief Miftah Ismail speaks with a Reuters correspondent during an interview in Islamabad, Pakistan December 28, 2017. REUTERS/Faisal Mahmood

Pakistan's new prime minister has appointed 57-year-old economist and businessman Miftah Ismail as the finance minister who will be tasked with quickly arresting a downward economic spiral and getting IMF talks back on track.

Ismail, who briefly held the post four years ago, brings with him a record of decisive policy action and a close relationship with Prime Minister Shehbaz Sharif but faces a daunting array of challenges, from falling foreign currency reserves to soaring inflation and potentially historic deficits.

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