BR100 Increased By (0.51%)
BR30 Increased By (0.52%)
KSE100 Increased By (0.37%)
KSE30 Increased By (0.31%)
BECO 6.08 Increased By ▲ 0.05 (0.83%)
BML 57.50 Increased By ▲ 4.75 (9%)
BOP 34.25 No Change ▼ 0.00 (0%)
CNERGY 8.25 Increased By ▲ 0.09 (1.1%)
DCL 12.16 Decreased By ▼ -0.18 (-1.46%)
FCCL 54.34 Increased By ▲ 0.45 (0.84%)
FCSC 5.21 Decreased By ▼ -0.01 (-0.19%)
FFL 18.11 Increased By ▲ 0.08 (0.44%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.31 Increased By ▲ 0.31 (2.82%)
KEL 8.13 Increased By ▲ 0.02 (0.25%)
KOSM 5.46 Increased By ▲ 0.08 (1.49%)
MLCF 89.20 Increased By ▲ 1.15 (1.31%)
NBP 186.60 Increased By ▲ 0.12 (0.06%)
PACE 10.70 Decreased By ▼ -0.02 (-0.19%)
PAEL 40.36 Increased By ▲ 0.42 (1.05%)
PIAHCLA 26.34 Increased By ▲ 0.17 (0.65%)
PIBTL 17.41 Increased By ▲ 0.09 (0.52%)
PPL 233.36 Increased By ▲ 0.58 (0.25%)
PRL 34.94 Decreased By ▼ -0.01 (-0.03%)
PTC 67.08 Decreased By ▼ -0.48 (-0.71%)
SEARL 91.32 Increased By ▲ 0.39 (0.43%)
SSGC 27.12 Decreased By ▼ -0.05 (-0.18%)
TELE 8.60 Increased By ▲ 0.03 (0.35%)
THCCL 65.29 Increased By ▲ 5.16 (8.58%)
TPLP 9.08 Increased By ▲ 0.32 (3.65%)
TREET 24.82 Increased By ▲ 0.28 (1.14%)
TRG 73.15 Increased By ▲ 1.40 (1.95%)
WAVES 10.51 Increased By ▲ 0.53 (5.31%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)

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.