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Pakistan Appoints Mandviwalla as Finance Minister Before Polls

Feb. 19 (Bloomberg) -- Pakistan appointed Saleem Mandviwalla as the country’s new finance minister without giving reasons for the change announced three weeks before the five-year term of the government ends.

Mandviwalla, who has previously served as the chairman of the Board of Investment and a state minister for finance in the cabinet of Prime Minister Raja Pervez Ashraf, took the oath for his new role in the presidential house this evening, Mehar Shafique, a media official at his office, said in a text message to reporters.

Private TV channels, including Geo, reported today that Abdul Hafeez Shaikh had resigned as finance minister. Shaikh and his spokesman, Rana Asad Amin, didn’t answer telephone calls.

Pakistan is scheduled to appoint a caretaker government in March, when the term of the current government expires, to prepare for the general election in mid-May.

To contact the reporters on this story: Haris Anwar in Islamabad at hanwar2@bloomberg.net; Augustine Anthony in Islamabad at aanthony9@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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