Finance ministry invites candidates for position of economic and financial reforms advisor

The finance division announced on Monday that the Financ czar Muhammad Aurangzeb has decided to appoint an advisor on economic and financial reforms.

Applications from interested candidates are invited until September 9, 2024.

The successful candidate will receive a salary equivalent to the Special Professional Pay Scale-I, ranging from Rs1.5 million to Rs2 million per month.

The advisor will be appointed for two years in the Economic and Financial Reforms Unit.

Applications must be submitted online through the National Job Portal, with a minimum qualification of a master’s degree in finance, economics, or a related field.

Shortlisted candidates will be called for an interview according to established procedures. The advisor’s contract may be extended based on performance.

Recently, Pakistan has requested a $1.2 billion loan from Saudi Arabia to bridge its emergent external financing gap, as it rushes to arrange loans in order to secure the approval of a $7 billion International Monetary Fund (IMF) bailout programme next month.

Finance Minister Muhammad Aurangzeb discussed the possibility of securing a $1.2 billion annual oil facility with Saudi Finance Minister Mohammad Al-Jadaan a few days ago, according to government officials.

The government was hopeful of receiving a positive response from Al-Jadaan, but no confirmation has been received so far. Officials stated that more than half of the $2 billion financing gap is expected to be filled by Saudi Arabia.