Pakistan swears in Ishaq Dar as finance minister


FILE PHOTO: Pakistan's likely new Finance Minister Ishaq Dar walks upon his arrival at the Nur Khan military airbase in Chaklala, Rawalpindi, Pakistan September 26, 2022. Prime Minister's Office/Handout via REUTERS.

ISLAMABAD (Reuters) -Seasoned politician and chartered accountant Ishaq Dar took the oath as Pakistan's new finance minister on Wednesday, the prime minister's office said, as the country fights an economic crisis exacerbated by devastating floods.

It is Dar's fourth stint as finance minister, and he will have to deal with a balance of payment crisis, foreign reserves falling to barely one month of imports, the rupee tumbling to historic lows and inflation crossing 27%.

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