Pakistan
Dar Deputy PM; Sparks Debate About His Role in Finance Ministry
In a surprise move, Foreign Minister Ishaq Dar has been appointed as Deputy Prime Minister (PM), sparking questions about his role in the Finance Ministry.
Dar, who previously served as Finance Minister in 2022, has been given the second-in-command position, but the scope of his powers remains unclear.
The appointment has raised concerns about Dar’s potential influence on economic decisions, given his past record of implementing controversial policies.
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However, some experts argue that the move could be a strategic one, given the upcoming meetings with the International Monetary Fund (IMF) for a new bailout package.
Despite the uncertainty, recent economic indicators suggest a glimmer of hope, with the IMF approving a $1.1 billion release and Pakistan’s current account surplus growing.
But challenges persist, including global oil price fluctuations and high electricity and fuel prices.
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As Deputy PM, Dar’s actions will be closely watched, and only time will tell if he can navigate the country’s economic challenges effectively.
One thing is certain, though – with Dar at the helm, expect the unexpected.
