Pakistan’s economic team to undergo massive reshuffle

Pakistan’s economic team to undergo massive reshuffle

Newly appointed Finance Minister Ishaq Dar link on Wednesday decided to reshuffle the economic team.

Finance Minister sources privy to the matter said that major changes will be made in important positions in the FBR and the finance ministry, while the special assistant to the finance minister will also be reshuffled.

The Minister of State for Finance, Dr Aisha Ghaus Pasha is also likely to be sacked, and the Secretary to the Ministry of Finance, Hamid Yaqoob Shaikh will also be replaced, sources added.

Earlier today, Ishaq Dar link took oath as Finance Minister amid economic crisis in the country.

According to detail, Dar returned to country nearly after five years on Monday and later took oath as member of the upper house of the parliament on Tuesday.

Dar, known for his preference for a stronger currency, had led the finance ministry three times in the past. During his last stint as finance chief from 2013 to 2017, he managed to keep the rupee stable. It was the most stable currency in Asia from 2014 to 2017, according to data compiled by Bloomberg.