Pakistan to name Miftah Ismail as finance chief before IMF talks

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is said to have selected a close ally of Prime Minister Shehbaz Sharif and his family as the new finance chief ahead of crucial talks with the International Monetary Fund, according to two people fami

liar with the matter.

Ismail, who was briefly finance minister in 2017-2018, will be among the officials responsible for negotiating with the multilateral lender to resume a programme that went into jeopardy after Khan unexpectedly cut energy prices, despite an agreement with the lender for the opposite. In a sign that he is set to clinch the finance chief role, party leader Maryam Nawaz shared on Twitter a picture of Ismail sitting next to Shehbaz Sharif on Wednesday . Ismail also held a press conference on Tuesday, hastily called by the Finance Ministry. He told reporters that inflation couldn't be immediately controlled because of the"flawed policies" of the Khan government.

"The problem here is the economy needs difficult fiscal policy decisions for which there would be political ramifications ahead of the elections. They may shy away from a few of them," Hussain said.Having graduated from Wharton with a doctorate in public finance, Ismail has been defining economic and energy policy of the Pakistan Muslim League-Nawaz.

 

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