BR100 Decreased By (-0.21%)
BR30 Decreased By (-0.19%)
KSE100 Decreased By (-0.06%)
KSE30 Decreased By (-0.13%)
AGHA 7.72 Decreased By ▼ -0.09 (-1.15%)
BECO 5.18 Decreased By ▼ -0.03 (-0.58%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.90 Decreased By ▼ -0.13 (-0.38%)
CNERGY 9.97 Increased By ▲ 0.01 (0.1%)
CSIL 5.35 Increased By ▲ 0.04 (0.75%)
FCCL 54.42 Decreased By ▼ -0.28 (-0.51%)
FFL 16.69 No Change ▼ 0.00 (0%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.33 Decreased By ▼ -0.07 (-0.95%)
KOSM 5.71 Decreased By ▼ -0.06 (-1.04%)
LOTCHEM 29.16 Decreased By ▼ -0.16 (-0.55%)
MLCF 93.49 Decreased By ▼ -0.87 (-0.92%)
NBP 202.69 Decreased By ▼ -0.36 (-0.18%)
NCPL 56.69 Decreased By ▼ -0.31 (-0.54%)
NPL 67.61 Decreased By ▼ -0.09 (-0.13%)
OGDC 316.40 Increased By ▲ 0.56 (0.18%)
PACE 10.65 Increased By ▲ 0.01 (0.09%)
PAEL 43.20 No Change ▼ 0.00 (0%)
PIBTL 16.65 Decreased By ▼ -0.09 (-0.54%)
PPL 218.85 Decreased By ▼ -0.93 (-0.42%)
PRL 49.75 Increased By ▲ 0.56 (1.14%)
PTC 71.00 Increased By ▲ 0.47 (0.67%)
SSGC 27.98 Decreased By ▼ -0.27 (-0.96%)
TBL 9.83 Decreased By ▼ -0.03 (-0.3%)
TELE 8.75 Decreased By ▼ -0.04 (-0.46%)
TPL 18.14 Decreased By ▼ -0.10 (-0.55%)
TPLP 13.54 Increased By ▲ 0.27 (2.03%)
TREET 22.75 Increased By ▲ 0.03 (0.13%)
TRG 60.50 Increased By ▲ 0.36 (0.6%)

ISLAMABAD: After the defeat in the Senate election, Finance Minister Dr Abdul Hafeez Shaikh would cease to remain Finance Minister after June 11, 2021 subsequent to the expiry of six-month period and the government would have to assign the portfolio of finance minister to some other suitable member.

Under the article 91 section (9) of the Constitution, a minister who for any period of six consecutive months is not a member of the National Assembly shall, at the expiration of that period, cease to be a minister and shall not before the dissolution of that Assembly be again appointed a minister unless he is elected a member of that assembly.

Provided that nothing contained in this clause shall apply to a minister who is member of the Senate.

On December 11, 2020, Dr Abdul Hafeez Shaikh was sworn in as Finance Minister for a period of six months on the expectation that the government would get him elected in the Senate.

However, after his defeat, he would cease to be the finance minister after June 11, 2021 and it remains unclear as to who would present next fiscal year budget.

Copyright Business Recorder, 2021

Comments

Comments are closed for this article.