AGL 5.79 Increased By ▲ 0.04 (0.7%)
ANL 9.00 Increased By ▲ 0.15 (1.69%)
AVN 79.24 Decreased By ▼ -0.26 (-0.33%)
BOP 5.26 Increased By ▲ 0.09 (1.74%)
CNERGY 4.70 Increased By ▲ 0.01 (0.21%)
EFERT 81.65 Increased By ▲ 0.55 (0.68%)
EPCL 51.04 Increased By ▲ 0.05 (0.1%)
FCCL 13.37 Decreased By ▼ -0.12 (-0.89%)
FFL 5.84 Increased By ▲ 0.03 (0.52%)
FLYNG 7.15 Decreased By ▼ -0.06 (-0.83%)
FNEL 4.81 Increased By ▲ 0.01 (0.21%)
GGGL 9.00 Increased By ▲ 0.30 (3.45%)
GGL 16.15 Increased By ▲ 0.40 (2.54%)
HUMNL 5.89 Increased By ▲ 0.04 (0.68%)
KEL 2.66 Increased By ▲ 0.08 (3.1%)
LOTCHEM 29.34 Decreased By ▼ -0.16 (-0.54%)
MLCF 25.00 Decreased By ▼ -0.30 (-1.19%)
OGDC 72.74 Increased By ▲ 0.29 (0.4%)
PAEL 15.30 Decreased By ▼ -0.10 (-0.65%)
PIBTL 5.14 Decreased By ▼ -0.01 (-0.19%)
PRL 16.39 Increased By ▲ 0.14 (0.86%)
SILK 1.07 No Change ▼ 0.00 (0%)
TELE 9.40 Increased By ▲ 0.10 (1.08%)
TPL 7.30 Decreased By ▼ -0.05 (-0.68%)
TPLP 18.84 Decreased By ▼ -0.32 (-1.67%)
TREET 22.00 Increased By ▲ 0.15 (0.69%)
TRG 142.00 Decreased By ▼ -0.80 (-0.56%)
UNITY 17.16 Decreased By ▼ -0.04 (-0.23%)
WAVES 9.90 Decreased By ▼ -0.13 (-1.3%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 4,267 Increased By 19.2 (0.45%)
BR30 15,785 Increased By 23.7 (0.15%)
KSE100 42,473 Increased By 124.1 (0.29%)
KSE30 15,695 Increased By 63.2 (0.4%)
Follow us

Pakistan Muslim League-Nawaz (PML-N) Senator Ishaq Dar took oath on Wednesday as the federal minister, set to replace Dr Miftah Ismail who served a short stint as finance minister for the coalition government, Aaj News reported.

Dar was administered the oath by President Dr Arif Alvi. Prime Minister Shehbaz Sharif also attended the oath-taking ceremony held at the Aiwan-i-Sadr.

Speaking to the media after the ceremony, Dar said that the case filed against him is fake, adding that he has been a consistent taxpayer over the last 34 years and that he never delayed filing his returns.

Dar further said the Pakistan Tehreek-e-Insaf government had cancelled his passport due to which he could not come to Pakistan. "It is the PML-N government that has issued me a passport," Dar said.

While talking about the current economic situation, Dar said that it was because of outgoing finance minister Miftah Ismail that the country averted a default, adding that the mess the PTI government left behind could not be cleared in six months.

Dar said stabilising the local currency and reducing inflation and interest rates are priorities of the government at the moment.

About his previous policy of keeping the rupee strong, Dar said the impression that the government would 'dump' dollars in the market was a “massive lie”.

Earlier on Tuesday, Miftah Ismail had submitted his resignation from the position of finance minister to PM Shehbaz.

Dar then took oath as a senator under the administration of Senate Chairman Sadiq Sanjrani.

The senior PML-N leader arrived in Pakistan on Monday with hope of stabilising the economy that has been battered in the wake of floods and high commodity prices, especially energy. He told the media that he would like to pick up the economy where he left it during his 2017 tenure in the same job.

Ishaq Dar takes oath as Senator ahead of becoming new finance minister

Dar will take the office of finance minister for the fourth time, this time with the challenge of getting the economy out of one of its worst balance of payment crises that has seen foreign reserves falling to a month of imports.

“Prime Minister Shehbaz Sharif has asked me to accept the responsibilities of finance minister,” Dar had said in a statement broadcast on state television on Monday evening.

“By the grace of God, I will try my best to get Pakistan out of this economic rut.”

“God is sending me back to the same office,” he said, referring to the finance ministry he quit after he flew to London in 2017 for medical check-ups amid pending corruption cases, which he says were politically motivated.

His arrest warrants have been suspended by an anti-graft court until October 7, making his return to Pakistan possible.


Comments are closed.

President Alvi administers oath to Ishaq Dar as federal minister

Dar dismisses sovereign default threat

Ban on GMO soyabean: govt, importers take divergent positions

Finance Bill 2023: SEZs: FBR to withdraw turnover tax exemption

Google app payments: IT ministry says issue resolved

Musk says Twitter clash with Apple a ‘misunderstanding’

Dollar plunges to 3-month low vs yen as Powell says Fed to go slow

Encashment of SBLC: Resolve Hubco-CPHGC dispute, PM asks authorities concerned

England openers score a ton each in 1st Pakistan Test

Delay in import of spare parts: Haveli Bahadur Shah power plant faces closure

Country has ‘sufficient’ wheat, cabinet told