AGL 5.78 Increased By ▲ 0.03 (0.52%)
ANL 8.88 Increased By ▲ 0.03 (0.34%)
AVN 78.92 Decreased By ▼ -0.58 (-0.73%)
BOP 5.28 Increased By ▲ 0.11 (2.13%)
CNERGY 4.70 Increased By ▲ 0.01 (0.21%)
EFERT 81.60 Increased By ▲ 0.50 (0.62%)
EPCL 50.91 Decreased By ▼ -0.08 (-0.16%)
FCCL 13.38 Decreased By ▼ -0.11 (-0.82%)
FFL 5.72 Decreased By ▼ -0.09 (-1.55%)
FLYNG 7.15 Decreased By ▼ -0.06 (-0.83%)
FNEL 4.82 Increased By ▲ 0.02 (0.42%)
GGGL 8.90 Increased By ▲ 0.20 (2.3%)
GGL 15.88 Increased By ▲ 0.13 (0.83%)
HUMNL 5.77 Decreased By ▼ -0.08 (-1.37%)
KEL 2.66 Increased By ▲ 0.08 (3.1%)
LOTCHEM 29.05 Decreased By ▼ -0.45 (-1.53%)
MLCF 25.10 Decreased By ▼ -0.20 (-0.79%)
OGDC 72.45 No Change ▼ 0.00 (0%)
PAEL 15.35 Decreased By ▼ -0.05 (-0.32%)
PIBTL 5.05 Decreased By ▼ -0.10 (-1.94%)
PRL 16.29 Increased By ▲ 0.04 (0.25%)
SILK 1.09 Increased By ▲ 0.02 (1.87%)
TELE 9.37 Increased By ▲ 0.07 (0.75%)
TPL 7.33 Decreased By ▼ -0.02 (-0.27%)
TPLP 18.95 Decreased By ▼ -0.21 (-1.1%)
TREET 22.00 Increased By ▲ 0.15 (0.69%)
TRG 141.15 Decreased By ▼ -1.65 (-1.16%)
UNITY 17.02 Decreased By ▼ -0.18 (-1.05%)
WAVES 9.90 Decreased By ▼ -0.13 (-1.3%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 4,255 Increased By 7.1 (0.17%)
BR30 15,733 Decreased By -28.8 (-0.18%)
KSE100 42,377 Increased By 28.1 (0.07%)
KSE30 15,656 Increased By 23.7 (0.15%)

PM Shehbaz appoints Ishaq Dar leader of House in Senate

  • The newly-appointed finance chief will replace Azam Tarar
Published September 30, 2022
Follow us

Prime Minister Shehbaz Sharif appointed on Friday Finance Minister Ishaq Dar as Leader of the House in the Senate of Pakistan.

His appointment was approved by Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif. PM Shehbaz has sent the summary to the Senate Secretariat, which will soon issue the notification of Dar as the Leader of the House.

Dar will be replacing Senator Azam Tarar, who will continue as Group Parliamentary Leader of the PMLN in Senate. Dar had served as Leader of Opposition in Senate back in 2012.

Dar arrived in Pakistan on Monday from London with the hope of stabilising the economy that has been battered in the wake of floods and high commodity prices, especially energy.

President Alvi administers oath to Ishaq Dar as federal minister

Dar took oath as a senator under the administration of Senate Chairman Sadiq Sanjrani. Following this, the PML-N leader was appointed as the finance minister, replacing Dr Miftah Ismail.

Dar has become 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.

In one of his first moves as finance czar, Dar briefed International Monetary Fund (IMF) Mission Chief Nathan Porter, on the economic situation caused by the devastating floods in the country affected infrastructure, crops and the livelihood of the people in a virtual meeting on Thursday.

He also visited the Federal Board of Revenue and presided over a meeting on its revenue performance of the FBR.

The senior PML-N leader arrived in Pakistan on Monday after five years. Dar had been in London since 2017.

On September 23, Accountability Court-I Judge Muhammad Bashir suspended the arrest warrant of Dar in the assets beyond means case till October 7, 2022. The court had stated at the time it will consider permanently suspending Dar’s arrest warrants once he surrenders before the court.

Subsequently, Dar appeared before the court to seek cancellation of his arrest warrant. The PML-N leader told the court that he wanted to come to Pakistan despite being unwell, but the Pakistan Tehreek-e-Insaf government had seized his passport.

Issuing notice to the National Accountability Bureau, the court deferred the hearing till October 7.


Comments are closed.

PM Shehbaz appoints Ishaq Dar leader of House in Senate

Intra-day update: rupee records gains against US dollar

Rise in TTP attacks in Pakistan should be concern for Afghan Taliban: Rana Sanaullah

PTI moves SC to take suo motu notice of Azam Swati’s arrest

Google app payments: IT ministry says issue resolved

Musk says Twitter clash with Apple a ‘misunderstanding’

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

Dar dismisses sovereign default threat

Ban on GMO soyabean: govt, importers take divergent positions

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

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