ISLAMABAD: Senior Pakistan Muslim League-Nawaz (PML-N) leader Ishaq Dar has dropped out of the race to become the new finance minister, ARY News reported citing sources.
Pakistan Prime Minister Shehbaz Sharif has finalized the members of the federal cabinet after consultation with his brother Nawaz Sharif.
Ishaq Dar, a four-time finance minister and considered close to the Sharif family, will become foreign minister, ARY News reported.
However, the report says the ruling party has not yet finalized the finance minister's selection, and the portfolio holder has begun the task, with urgent efforts to negotiate a new International Monetary Fund (IMF) bailout package. He added that there is a need to lead the way. .
In particular, Pakistan's current IMF agreement expires on April 11, so the path to recovery is narrow.
Prominent bankers Muhammad Aurangzeb Khan and Shamshad Akhtar are likely to be appointed as advisers to the prime minister on finance and revenue, sources said.
Akhtar has been an integral part of the recent interim government, and was praised by the IMF for his “determined policy efforts” to maintain stability, according to reports.
Meanwhile, ARY News reported, citing sources, that Khawaja Muhammad Asif will remain in his post at the Ministry of Defense.
Ahsan Iqbal is also set to become planning minister, while Ataullah Tarar and Mussadiq Malik may take over the information and energy portfolio.
According to reports, Jalil Abbas Jiland Tariq Fatemi is likely to be appointed as foreign affairs advisor and special assistant.
According to reports, former Punjab chief minister Mohsin Naqvi will be appointed as advisor to the home ministry.
Significantly, Pakistan People's Party (PPP), a key ally in the coalition, had expressed opposition to Ishaq Dar's appointment as finance minister, ARY News reported.
Earlier, PML-N supremo Nawaz Sharif instructed Prime Minister Shehbaz Sharif to keep the federal cabinet small in the initial stage, ARY News reported.
At a meeting on Sunday, Prime Minister Shehbaz Sharif submitted the names of candidates for the federal cabinet.
Pakistan Prime Minister Shehbaz Sharif has finalized the members of the federal cabinet after consultation with his brother Nawaz Sharif.
Ishaq Dar, a four-time finance minister and considered close to the Sharif family, will become foreign minister, ARY News reported.
However, the report says the ruling party has not yet finalized the finance minister's selection, and the portfolio holder has begun the task, with urgent efforts to negotiate a new International Monetary Fund (IMF) bailout package. He added that there is a need to lead the way. .
In particular, Pakistan's current IMF agreement expires on April 11, so the path to recovery is narrow.
Prominent bankers Muhammad Aurangzeb Khan and Shamshad Akhtar are likely to be appointed as advisers to the prime minister on finance and revenue, sources said.
Akhtar has been an integral part of the recent interim government, and was praised by the IMF for his “determined policy efforts” to maintain stability, according to reports.
Expanding
Ahsan Iqbal is also set to become planning minister, while Ataullah Tarar and Mussadiq Malik may take over the information and energy portfolio.
According to reports, Jalil Abbas Jiland Tariq Fatemi is likely to be appointed as foreign affairs advisor and special assistant.
According to reports, former Punjab chief minister Mohsin Naqvi will be appointed as advisor to the home ministry.
Significantly, Pakistan People's Party (PPP), a key ally in the coalition, had expressed opposition to Ishaq Dar's appointment as finance minister, ARY News reported.
Earlier, PML-N supremo Nawaz Sharif instructed Prime Minister Shehbaz Sharif to keep the federal cabinet small in the initial stage, ARY News reported.
At a meeting on Sunday, Prime Minister Shehbaz Sharif submitted the names of candidates for the federal cabinet.
