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15 sats \ 1 reply \ @21m OP 26 Sep 2022
Pakistan will get a new finance minister after the incumbent lost support from his political party for agreeing to austerity measures in an effort to win a bailout from the International Monetary Fund.
Miftah Ismail, who has been finance minister since the current government came to power in April, said on Twitter late Sunday that he would formally tender his resignation on Monday.
Ishaq Dar, who has served three times previously as finance minister, told reporters in London on Monday—where he has lived in exile since 2017—that he will return to Pakistan this week to take the job again.
He has publicly said that the terms of an IMF program, completed in August, were too severe. The IMF required the removal of subsidies and the imposition of new taxes. Gas prices, in particular, increased sharply as a result.
Mr. Dar would become Pakistan’s sixth finance minister in the last four years, a turnover rate that added to the country’s economic uncertainty.
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0 sats \ 0 replies \ @21m OP 26 Sep 2022
Pakistan is a top 5 country by population, what does their bitcoin scene look like? Feel like there is tremendous opportunity there, similar to what is going on in Nigeria.
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