December 4, 2021
Share on facebook
Share on twitter
Share on linkedin

Tarin’s tenure as finance minister ends

 Pakistan Pakistan

Finance Minister Shaukat Fayaz Tarin has, on Monday, been named adviser to the Prime Minister on finance.

On Monday, an official notification issued on the appointment said that Tarin’s new status would be the same as a federal minister’s.

It was decided on Friday that the government will appoint Tarin as an advisor to the Prime Minister on finance. His six-month tenure as the Finance Minister expired on the same day.

As per the rules, the finance minister needed to get elected as a senator — which was a prerequisite for him to continue as the finance minister.

Under the Constitution, Tarin had to be elected to the Parliament within six months, during which he was allowed to run the office of the finance minister.

The government, however, could not get him elected as none of the senators agreed to leave their seats for him.

Tarin, on April 17, 2021, assumed charge as the Minister of Finance. Prime Minister Imran Khan had appointed him as the finance minister in a massive federal cabinet reshuffle, replacing Muhammad Hammad Azhar — a few weeks after he was bestowed with the portfolio.

Read Also | NED announces admissions based on matric results

Shaukat Tarin is currently in the US holding talks with the IMF.

As his six-month term as the finance minister ended, as per law, he will not be able to chair cabinet committees, specifically the Economic Coordination Committee (ECC).

As per media reports, once he has been elected as a senator, he’ll be able to get his finance ministry back.

On the other hand, he said that the talks between the IMF and Pakistan for resuming the Extended Fund Facility worth $6 billion have not failed.

He, on Sunday evening, made these remarks while talking to reporters after addressing the Pakistani community in New York.

Leave a Reply

Your email address will not be published. Required fields are marked *

Poll

How do you see the govt's measures to control inflation and provide relief to the poor?

View Results

Loading ... Loading ...

More Stories

Carnage at PSX: More than 2,000 points lost in intraday trading

Carnage at PSX: More than 2,000 points lost in intraday trading

Pakistan – The Pakistan Stock Exchange (PSX) witnessed a bloodbath on Thursday, with the benchmark index going down by 1,936 points during intraday trading. Traders cited the broadening trade deficit as the reason behind the…

Pakistan’s trade deficit hits all-time high

Pakistan’s trade deficit hits all-time high

Pakistan – In Pakistan November brought a rise of 162.4 per cent in the country’s trade deficit, primarily driven by a significant increase in the national import bill. The negative trend in the trade deficit…

Video: Man commits suicide at Lucky One Mall in Karachi

Video: Man commits suicide at Lucky One Mall in Karachi

Karachi – A 40-year-old unemployed man died by jumping from the third floor at Karachi’s LuckyOne Mall, the police confirmed Tuesday. The body was taken to the Abbasi Shaheed Hospital in Paposh Nagar for medico-legal…

Related Videos

cropped-logos_1-1-scaled-1.jpg

Join Our Newsletter

Get latest articles, Jobs, freebies, entertainment news delivered directly to your inbox.

170000 subscribers are here.