AIRLINK 74.40 Decreased By ▼ -0.90 (-1.2%)
BOP 4.95 Increased By ▲ 0.01 (0.2%)
CNERGY 4.34 Decreased By ▼ -0.05 (-1.14%)
DFML 44.73 Increased By ▲ 3.55 (8.62%)
DGKC 87.27 Increased By ▲ 3.96 (4.75%)
FCCL 22.90 Increased By ▲ 1.25 (5.77%)
FFBL 31.65 Decreased By ▼ -0.35 (-1.09%)
FFL 9.36 Decreased By ▼ -0.06 (-0.64%)
GGL 10.10 Increased By ▲ 0.02 (0.2%)
HASCOL 6.77 Decreased By ▼ -0.05 (-0.73%)
HBL 113.60 Decreased By ▼ -0.40 (-0.35%)
HUBC 140.15 Increased By ▲ 1.05 (0.75%)
HUMNL 11.91 Decreased By ▼ -0.09 (-0.75%)
KEL 4.87 Decreased By ▼ -0.04 (-0.81%)
KOSM 4.40 Increased By ▲ 0.04 (0.92%)
MLCF 38.40 Increased By ▲ 0.89 (2.37%)
OGDC 132.80 Decreased By ▼ -0.05 (-0.04%)
PAEL 24.45 Decreased By ▼ -0.40 (-1.61%)
PIBTL 6.53 Decreased By ▼ -0.07 (-1.06%)
PPL 119.64 Increased By ▲ 1.84 (1.56%)
PRL 25.88 Decreased By ▼ -0.18 (-0.69%)
PTC 13.75 Increased By ▲ 0.03 (0.22%)
SEARL 57.25 No Change ▼ 0.00 (0%)
SNGP 66.40 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.15 Decreased By ▼ -0.09 (-0.88%)
TELE 7.95 Decreased By ▼ -0.26 (-3.17%)
TPLP 10.64 Decreased By ▼ -0.06 (-0.56%)
TRG 61.66 Decreased By ▼ -0.74 (-1.19%)
UNITY 26.63 Decreased By ▼ -0.41 (-1.52%)
WTL 1.36 Increased By ▲ 0.01 (0.74%)
BR100 7,835 Decreased By -10.7 (-0.14%)
BR30 25,330 Increased By 74.3 (0.29%)
KSE100 74,878 Increased By 41.8 (0.06%)
KSE30 23,988 Decreased By -16.5 (-0.07%)
Business & Finance

Notification issued: Hammad Azhar appointed as Finance Minister

  • “In exercise of the powers conferred by clause (3) of Article 92 of the Constitution of the Islamic Republic of Pakistan, the President, on the advice of the Prime Minister, has been pleased to approve the removal of Dr. Abdul Hafeez Shaikh as Federal Minister, with immediate effect,” read the notification.
Published March 30, 2021

The Cabinet Division has issued the notifications of the removal of Dr Abdul Hafeez Shaikh and the appointment of Hammad Azha as Finance Minister on Tuesday.

“In exercise of the powers conferred by clause (3) of Article 92 of the Constitution of the Islamic Republic of Pakistan, the President, on the advice of the Prime Minister, has been pleased to approve the removal of Dr. Abdul Hafeez Shaikh as Federal Minister, with immediate effect,” read the notification.

Prime Minister Imran Khan decided to remove Finance Minister Dr Abdul Hafeez Shaikh as Finance Minister due to his “failure” to check rising inflation and replace him with Minister for Industries and Production Hammad Azhar.

Azhar, who is given the additional charge of finance and revenue affairs, will be the third finance minister to be appointed since the Pakistan Tehrik-e-Insaf (PTI) came to power following the 2018 general elections.

Minister for Information and Broadcasting Senator Shibli Faraz at a private news channel said that the prime minister has also decided to form a new economic team.

Comments

Comments are closed.

N K Ali Mar 30, 2021 02:21pm
Khuda ka shukr hai. Ameen. Its never too late, only 73-years have gone by. So why worry? The sooner we come to our senses and act by ourselves, the easier we can breathe. The sooner we indigenise the faster we will grow. Now the SBP hot seat must be occupied by a locally educated man and not an IMF/WB lowly employee. How on earth are the persons wholly and solely responsible for the near collapse of Pakistan and its infrastructure allowed to go overseas and move about freely in the Assemblies, also? How can such a thing be done? Salams
thumb_up Recommended (0)