Miftah Ismail takes oath as Pakistan’s new Finance Minister

Miftah Ismail. (Photo courtesy: social media)
Updated 27 April 2018
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Miftah Ismail takes oath as Pakistan’s new Finance Minister

  • Adviser to the Prime Minister on Finance, Miftah Ismail, has now taken charge as the country’s Finance Minister hours before the government announces fiscal budget on Friday.

ISLAMABAD: Miftah Ismail took oath as Pakistan’s new federal minister for finance, on Friday, just hours before being due to announce the country’s fiscal budget for 2018-2019.

The oath ceremony was held at President House, where President Mamnoon Hussain administered the oath.
Members of the federal cabinet, politicians and senior government official attended the ceremony.
Before taking up his new post, Ismail was an adviser to the Prime Minister on Finance, Revenue and Economic Affairs.
A member of the ruling Pakistan Muslim League (PML-N), he has served as head of Punjab Board of Investment and Trade, Chairman of Federal Board of Investment, and briefly as Chairman of the Privatization Commission.
He was director of Pakistan International Airlines (PIA) and chairman of Sui Southern Gas Company Limited (SSGL).
Ismail has also worked as an economist at the IMF in Washington. He graduated with a Bachelor of Science degree in economics and mathematics from Duquesne University, Pittsburgh, in the United States. He has a master’s as well as a doctorate in public finance and political economy from the Wharton School, University of Pennsylvania.


Pakistan defense minister discusses regional, global developments with counterparts in Munich

Updated 14 February 2026
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Pakistan defense minister discusses regional, global developments with counterparts in Munich

  • The high-powered meeting of government leaders, diplomats comes shortly before Russia’s war on Ukraine enters its fifth gruelling year
  • Bruised by President Donald Trump’s comments, European leaders at summit have pledged to shoulder more of the burden of shared defenses

ISLAMABAD: Pakistan’s Defense Minister Khawaja Asif on Friday met his Italian and Albanian counterparts to discuss bilateral cooperation and regional and global developments on the sidelines of the Munich Security Conference, the Pakistani embassy in Germany said.

The high-powered Munich meeting of government leaders, diplomats, defense and intelligence chiefs comes shortly before Russia’s full-scale war on Ukraine is set to enter its fifth gruelling year.

Bruised by President Donald Trump’s designs on Greenland and his often hostile comments about America’s traditional bedrock allies, European leaders at the conference have pledged to shoulder more of the burden of shared defenses.

Asif met his Italian counterpart Guido Crosetto during the conference, running from Feb. 13 till Feb. 15, with both sides agreeing to enhance bilateral ties, according to the Pakistani embassy.

“Asif met the Defense Minister of Republic of Albania, Mr. Pirro Vengu, on the sidelines of the 62nd Munich Security Conference,” the Pakistani embassy said on X.

“Discussed matters related to enhancing bilateral cooperation in the wake of recent regional and international developments.”

The development came as US Secretary of State Marco Rubio was set to address European leaders on Saturday as they try to step up their autonomy in defense while salvaging transatlantic ties badly strained under President Trump.

German Chancellor Friedrich Merz acknowledged a “rift” had opened up between Europe and the United States, fueled by culture wars, but issued an appeal to Washington: “Let’s repair and revive transatlantic trust together.”

“In the era of great power rivalry, even the United States will not be powerful enough to go it alone,” said the conservative leader, who has ramped up defense spending in the top EU economy.

Macron said a new framework was needed to deal with “an aggressive Russia” once the fighting in Ukraine ends.

Ukrainian President Volodymyr Zelensky, who has been in Munich since Friday and meeting multiple allies, was expected to address the meeting on Saturday. No Russian officials have been invited.

Kremlin critic Mikhail Khodorkovsky said he feared “a new cold war” between Europe and Russia in the coming decade, making reopening dialogue with Moscow essential.

“If it makes sense to talk, we are willing to talk,” said Merz, but he also charged that “Russia is not yet willing to talk seriously.”