ISLAMABAD (Ann News) – According to Dunya News sources, the government has decided to replace newly appointed Hammad Azhar with renowned economist Shaukat Tarin as the Federal Finance Minister. It is said that this appointment will be made soon.
Dunya News sources say that Hammad Azhar was a temporary appointment as Finance Minister after Hafeez Shaikh’s exit. It should be noted that Shaukat Tarin previously held the portfolio of Finance Minister during the government of Pakistan People’s Party (PPP).
During that time, he played an important role in the formula of NFC award for distribution of national revenue. He was elected as a senator in 2009 and then made the finance minister. Now, Shaukat Tarin will first be made the Finance Minister for six months and then he will contest Senate election to become a senator.
Tarin has a deep grasp on economic matters and is particularly skilled at raising funds as well as revenue. He was born in Multan in 1953 and has held senior positions in several foreign and local banks, including Citibank.
It may be recalled that on March 29, Prime Minister Imran Khan made some important changes in the federal cabinet, including the removal of Abdul Hafeez Sheikh as Finance Minister.
Hammad Azhar, a young gun of the Pakistan Tehreek-e-Insaf (PTI), was appointed in his place. He was sworn in as minister on Tuesday and also chaired an important meeting today as Finance Minister.
The PTI government has made three appointments to this important post in its two and a half years in power. The appointment of Shaukat Tarin in the Finance ministry would be the fourth such appointment in this relatively short period of time.