Pakistan appoints new finance minister in latest cabinet shake-up

In this file photo, the newly appointed Finance Minister of Pakistan, Shaukat Tarin, meets with Prime Minister Imran Khan at the PM house in Islamabad, October 09, 2018 (Contrary: PTI KP Official twitter account )
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Updated 17 April 2021
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Pakistan appoints new finance minister in latest cabinet shake-up

  • Hammad Azhar, who was made finance minister less than a month ago, has now been replaced by Shaukat Tarin
  • Pakistan is currently working on national budget and on implementing economic reforms suggested by the IMF

ISLAMABAD: Pakistan's Prime Minister Imran Khan appointed a new finance minister on Friday, replacing Hammad Azhar, who received the portfolio less than a month ago. 

Shaukat Tarin, the new appointee, is a banker who also served at the same position from 2009 to 2010 under the Pakistan Peoples Party administration of former prime minister Yousaf Raza Gilani. 
The news was announced by the newly appointed information minister Chaudhry Fawad Hussain who shared the notification of the recent cabinet reshuffle in a Twitter post:

“Prime Minister Imran Khan has made changes in the cabinet, the details of these changes are attached.”

 

Azhar will now look after the Energy Ministry. He was given the additional portfolio of finance and revenue after Abdul Hafeez Shaikh was asked to step down last month over what the government described as rising inflation. 

The change to the finance ministry comes at a time when the government is working on the annual budget which is likely to be presented in June. Pakistan's economic managers are also implementing structural reforms suggested by the International Monetary Fund to the country's economy. 

Apart from the two cabinet changes, the prime minister also took the Economic Affairs Ministry from Makhdoom Khusro Bukhtiar and gave him the Ministry of Industries and Production. 

Omar Ayub, who was previously supervising the Power and Petroleum Divisions, has now been tasked to take care the Economic Affairs Ministry. 

Senator Shibli Faraz has also been assigned the Ministry of Science and Technology which fell vacant when Chaudhry Fawad Hussain was appointed as federal minister for information and broadcasting. 

“As info minister my task is to change misperceptions about Pak[istan] and highlight vibrant effort of Government,” Hussain wrote on Twitter. 

 

 


Imran Khan’s party shutdown draws mixed response; government calls it ‘ineffective’

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Imran Khan’s party shutdown draws mixed response; government calls it ‘ineffective’

  • Ex-PM Khan’s PTI party had called for a ‘shutter-down strike’ to protest Feb. 8, 2024 general election results
  • While businesses reportedly remained closed in Khyber Pakhtunkhwa, they continued as normal elsewhere

ISLAMABAD: A nationwide “shutter-down strike” called by former prime minister Imran Khan’s party drew a mixed response in Pakistan on Sunday, underscoring political polarization in the country two years after a controversial general election.

Khan’s Pakistan Tehreek-e-Insaf (PIT) opposition party had urged the masses to shut businesses across the country to protest alleged rigging on the second anniversary of the Feb. 8, 2024 general election.

Local media reported a majority of businesses remained closed in the Khyber Pakhtunkhwa (KP) province, governed by the PTI, while business continued as normal in other provinces as several trade associations distanced themselves from the strike call.

Arab News visited major markets in Islamabad’s G-6, G-9, I-8 and F-6 sectors, as well as commercial hubs in Rawalpindi, which largely remained operational on Sunday, a public holiday when shops, restaurants and malls typically remain open in Pakistan.

“Pakistan’s constitution says people will elect their representatives. But on 8th February 2024, people were barred from exercising their voting right freely,” Allama Raja Nasir Abbas Jafri, the PTI opposition leader in the Senate, said at a protest march near Islamabad’s iconic Faisal Mosque.

Millions of Pakistanis voted for national and provincial candidates during the Feb. 8, 2024 election, which was marred by a nationwide shutdown of cellphone networks and delayed results, leading to widespread allegations of election manipulation by the PTI and other opposition parties. The caretaker government at the time and the Election Commission of Pakistan (ECP) both rejected the allegations.

Khan’s PTI candidates contested the Feb. 8 elections as independents after the party was barred from the polls. They won the most seats but fell short of the majority needed to form a government, which was made by a smattering of rival political parties led by Prime Minister Shehbaz Sharif. The government insists the polling was conducted transparently and that Khan’s party was not denied a fair chance.

Authorities in the Pakistani capital deployed a heavy police contingent on the main road leading to the Faisal Mosque on Sunday. Despite police presence and the reported arrest of some PTI workers, Jafri led local PTI members and dozens of supporters who chanted slogans against the government at the march.

“We promise we will never forget 8th February,” Jafri said.

The PTI said its strike call was “successful” and shared videos on official social media accounts showing closed shops and markets in various parts of the country.

The government, however, dismissed the protest as “ineffective.”

“The public is fed up with protest politics and has strongly rejected PTI’s call,” Pakistan’s Information Minister Attaullah Tarar said on X.

“It’s Sunday, yet there is still hustle and bustle.”

Ajmal Baloch, All Pakistan Traders Association president, said they neither support such protest calls, nor prevent individuals from closing shops based on personal political affiliation.

“It’s a call from a political party and we do not close businesses on calls of any political party,” Baloch told Arab News.

“We only give calls of strike on issues related to traders.”

Khan was ousted from power in April 2022 after what is widely believed to be a falling out with the country’s powerful generals. The army denies it interferes in politics. Khan has been in prison since August 2023 and faces a slew of legal challenges that ruled him out of the Feb. 8 general elections and which he says are politically motivated to keep him and his party away from power.

In Jan. 2025, an accountability court convicted Khan and his wife in the £190 million Al-Qadir Trust land corruption case, sentencing him to 14 years and her to seven years after finding that the trust was used to acquire land and funds in exchange for alleged favors. The couple denies any wrongdoing.