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Monday, November 25, 2024

Newsmakers 2021 - Profit by Pakistan Today

Last updated Sunday, December 26, 2021 13:25 ET

Shaukat Tarin
In the space of less than an entire year, Shaukat Tarin has managed to become finance minister, be de-jure demoted to Adviser to the Prime Minister on Finance, win a senate election so he is able to present the upcoming budget to parliament and once again appointed as federal finance minister. Just one of those things would be an event of a lifetime for most people.
With the amount of effort the PTI is putting in to keep Tarin in the economic driving seat, it is hard to imagine that there was a two-week period in April where the government was strongly denying rumours that Tarin was slated to come in and up-end Hammad Azhar’s then nascent run at the wheel of the ship.
However, eight months down the line Tarin has proven to be a level-headed and consistent guide at the very least. He came in without any big punches, and stayed on course in terms of not interfering in the value of the rupee – much as he did between 2008-10 when he was finance minister in the Gilani cabinet. With a disagreement over why the country is facing inflation still brewing between the Tarin-led finance ministry and the Reza Baqir led State Bank, it is very likely that he will be a mainstay in the headlines in the year to come.
Reza Baqir
State Bank Governor Reza Baqir has made an impression. The job of SBP Governor is often a bit overstated in terms of workload if not importance. At the end of the day, any governor of the state bank has a few levers on their desk that can be pulled to...



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