Pak finance minister leaves banker life behind to fix economy

Muhammad Aurangzeb took up the post last month at a time when Pakistan’s economy is enduring the most turbulent period in its history

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Pakistan's new Finance Minister Muhammad Aurangzeb is on a mission to fix his country. To many, it's an unenviable task.

Lurching from one bailout program to the next with the International Monetary Fund classifying its debt as only borderline sustainable, Pakistan has Asia's fastest inflation, anemic growth, and one of the lowest tax collection rates in the world.

As a prominent banker and JPMorgan Chase & Co. alumnus, Aurangzeb comes as well equipped as any of his predecessors to face the challenge. But that's to disregard an array of extra factors affecting the role which are outside his control, including volatile domestic politics, tensions with neighbors India, Afghanistan and Iran, and a catastrophic position on the front line of climate change.