Pakistan Prime Minister Yousuf Raza Gilani may soon appoint former PML-Q leader, and one-time Musharraf loyalist Makhdoom Faisal Saleh Hayat as the country?s finance minister.
What is most noticeable is that Hayat is managing a massive hedge fund inDubai?of over $1 billion which is apparently owned by Ambani brothers. The hedge fund is called New Silk Route Partners (NRS) and is a $1.4-billion fund owned by the Ambanis with some local partners in the United Arab Emirates. According to talks doing the rounds in Pakistan, Hayat is expected to take oath within the next 48 hours, as he has already had separate talks both with Gilani and President Asif Ali Zardari.?Hayat had served as the privatisation minister in Musharraf?s regime and was involved in the infamous privatisation?deal?of PTCL.
