{"id":354280,"date":"2010-02-23T15:08:39","date_gmt":"2010-02-23T20:08:39","guid":{"rendered":"http:\/\/www.businessinsider.com\/pakistans-finance-minister-resigns-heads-to-private-sector-2010-2"},"modified":"2010-02-23T15:08:39","modified_gmt":"2010-02-23T20:08:39","slug":"finance-minister-of-pakistan-one-of-the-worlds-biggest-sovereign-debt-risks-resigns","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/354280","title":{"rendered":"Finance Minister Of Pakistan &#8212; One Of The World&#8217;s Biggest Sovereign Debt Risks &#8212; Resigns"},"content":{"rendered":"<p>Shaukat Tarin, now the former finance minister of Pakistan, has resigned. He&#8217;ll be working until February 28th and after that, Mr. Tarin will head over to Silkbank, of which he&#8217;s a major shareholder.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704188104575083510356497880.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop\">WSJ<\/a>: Pakistan&#8217;s finance minister announced his resignation Tuesday, leaving a leadership vacuum in a country whose economy still depends to a great extent on overseas assistance.<\/p>\n<p>Shaukat Tarin, who became finance minister in October 2008 when the economy of the strife-torn South Asian nation was on the brink of collapse, played a key role in sewing up aid from the International Monetary Fund that helped boost dwindling foreign-exchange reserves and avert a sovereign default.<\/p>\n<p>Mr. Tarin claims he resigned to work on his business, which is perfectly  reasonable.<\/p>\n<p>Too bad Pakistan has one of the highest CDS spreads in the  world at the moment, as showcased below.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b7d93430000000000c5f73c\/5-year-cds-feb18.jpg\" border=\"0\" alt=\"5 year CDS feb18\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/pakistans-finance-minister-resigns-heads-to-private-sector-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/bank-of-england-ends-its-bond-buyback-program-2010-2\">Bank of England Ends Its Bond Buyback Program<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals-2010-2\">Citigroup Warns Customers It May Refuse To Allow Withdrawals<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/rumors-swirl-inside-of-aig-that-pinebridge-sale-may-be-in-danger-2010-2\">Rumors Swirl Inside Of AIG That PineBridge Sale May Be In Danger<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/KKVIRSkWux4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shaukat Tarin, now the former finance minister of Pakistan, has resigned. He&#8217;ll be working until February 28th and after that, Mr. Tarin will head over to Silkbank, of which he&#8217;s a major shareholder. WSJ: Pakistan&#8217;s finance minister announced his resignation Tuesday, leaving a leadership vacuum in a country whose economy still depends to a great [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-354280","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/354280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=354280"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/354280\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=354280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=354280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=354280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}