Pakistan’s new finance minister wants to take country out of ‘economic rut’

FILE PHOTO: A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz/File Photo

KARACHI, Pakistan (Reuters) -Pakistan prime ministerial aide Ishaq Dar said on Monday he would take up the role of finance minister for the fourth time, adding that he wanted to get Pakistan out of its economic rut and stressing he wanted a strong and stable rupee.

Ahead of his formal appointment, the rupee had risen throughout the day after reports that he would take up the role, a change that comes in the midst of an economic crisis in Pakistan that has been exacerbated by deadly floods.