Ambanis' money manager set to become Pakistan FM

 

Mukesh Ambani and Anil Ambani is seen in this file photo in Mumbai in this ...

Islamabad: 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.
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.
Mukesh Ambani, Lakshmi Mittal in top 10 rich list
But what is most noticeable is that Hayat is managing a massive hedge fund in Dubai of over one billion dollars which is apparently owned by Ambani brothers.
The hedge fund is called New Silk Route Partners (NRS) and is $1.4 billion fund owned by the Ambanis with some local partners in the United Arab Emirates (UAE).
Hayat had served as the Privatisation Minister in Musharraf's regime, during which he was involved in the infamous privatisation deal of the Pakistan Telecommunication Company Limited (PTCL).
The big question is how would Hayat look after Pakistan's already sluggish finance when he could not even safeguard the national interest in one multi-billion dollar deal, The Daily Times said.