Advisor on economic reforms to receive up to Rs2 million monthly salary

WEB DESK: The Finance Division has announced the appointment of an advisor to oversee economic and financial reforms. Muhammad Aurangzeb, the Finance Minister, will lead this initiative. Interested candidates have until 9 September 2024 to submit their applications.

According to Express Tribune, the selected advisor will be employed for a two-year term within the Economic and Financial Reforms Unit. The position offers a salary between Rs1.5 million and Rs2 million per month, equivalent to the Special Professional Pay Scale-I.

Candidates must apply online through the National Job Portal and should possess at least a master’s degree in finance, economics, or a related field. Shortlisted applicants will be invited for interviews as per the standard selection process.

The contract for the advisor may be extended based on performance.

In related news, Pakistan has recently sought a $1.2 billion loan from Saudi Arabia to address its urgent external financing needs. This move is part of the country’s efforts to secure a $7 billion bailout package from the International Monetary Fund (IMF) expected next month.

Finance Minister Aurangzeb has discussed the potential for a $1.2 billion annual oil facility with Saudi Finance Minister Mohammad Al-Jadaan. While the government is optimistic about a favourable response, no confirmation has been received yet.

Officials anticipate that Saudi Arabia may help bridge more than half of the $2 billion financing gap.

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