Pakistan has appointed a new finance minister, its fourth in less than three years, in a shake-up of the government’s economic team, the prime minister’s office said on Friday.
This move has been made at a time when process of budget making for the fiscal year 2021-22 is in full swing .
Shaukat Tarin, a former banker, was named as the new finance minister. He had held the finance minister portfolio in the government of Pakistan People’s Party (PPP) that ruled the South Asian country from 2008 to 2013. His predecessor, Hammad Azhar, held the portfolio for only 19 days.
Prime Minister Imran Khan also shuffled other key economy-related ministries, including the economic affairs and power portfolios.
Khan has r appointed Chaudhry Fawad Hussain as Minister for Information and Broadcasting, replacing Senator Shibli Faraz who interchanged his portfolio with Fawad as science and technology minister, according to PM Office.
Hammad Azhar, previously the industries and productions minister, will now be holding the position of Minister for Energy. He has replaced Omar Ayub Khan who has now been appointed as economic affairs minister. In place of Hammad Azhar, the prime minister appointed Makhdoom Khusro Bakhtiar as Federal Minister for Industries and Production.