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Pakistan PM Imran Khan appoints Shaukat Tareen as new Finance Minister in cupboard reshuffle

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A banker by occupation, Mr. Tareen, 68, served in the identical capability within the authorities of Pakistan Peoples Party (2009-10) for a brief interval earlier than he determined to step down to boost capital for his Silk Bank.

Pakistan Prime Minister Imran Khan has appointed Shaukat Tareen as the brand new finance minister of the nation, the fourth to don the mantle, in one other cupboard reshuffle, it was introduced by his workplace on Friday.

A banker by occupation, Mr. Tareen, 68, served in the identical capability within the authorities of Pakistan Peoples Party (2009-10) for a brief interval earlier than he determined to step down to boost capital for his Silk Bank.

Mr. Tareen was dealing with corruption expenses and had initially refused to simply accept the put up till his title was cleared.

It was not identified if the National Accountability Bureau (NAB) dropped expenses in opposition to him or not.

He is a cousin of Jehangir Tareen, dubbed as sugar baron as a consequence of a number of sugar mills, who’s an influential politician however is dealing with probe within the sugar scandal of the current authorities. Shaukat Tareen is changing Hammad Azhar, who was appointed in the direction of the top of the final month after Dr Abdul Hafeez Shaikh was eliminated for failure to regulate raging inflation within the nation.

Mr. Azhar, who was additionally serving a minister of industries and manufacturing, was appointed Minister for Energy after the reshuffle, whereas Khusro Bakhtiar was given the cost of ministry of industries and manufacturing.

Minister for Science Fawad Chaudhry was appointed data minister whereas his predecessor Shibli Faraz was appointed as minister for science.

It might be Mr. Chauhdry’s second stint as data minister as he was given the cost in 2018 however later shifted to ministry of science.

Former vitality minister Umar Ayub Khan was shifted to go the ministry of financial affairs.

Mr. Khan has shuffled his cupboard a number of instances since coming to energy in August 2018, which his critics say was an indication of his failure to discover a correct mixture.

“Ministers have been changed many times but it made no difference. Maybe it is time to change the prime minister,” Murtaza Wahab of Pakistan Peoples Party (PPP) stated.

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