Ex-JP Morgan banker Muhammad Aurangzeb becomes Pakistan’s new finance minister

Pakistan's newly elected Prime Minister Shehbaz Sharif appointed former JPMorgan Chase & Co. banker Muhammad Aurangzeb as finance minister to revive the cash-strapped economy. Securing loans from the IMF is the top priority. Sharif aims to fix the country's deep-rooted issues through structural reforms and secure the final IMF program tranche by April. Investors remain optimistic.