ISLAMABAD: Prime Minister Imran Khan has determined to usher in a brand new staff, Info and Broadcasting Minister Senator Shibli Faraz stated Monday.

Geo Information had earlier reported citing sources that the PTI-led federal authorities has determined to switch Finance Minister Abdul Hafeez Shaikh with Industries Minister Hammad Azhar. PM Imran Khan reportedly conveyed to Shaikh to step down from his position, the sources had added.

The transfer got here on the again of some resentment amongst authorities ministers on issues of taxation and invoice granting autonomy to the State Financial institution of Pakistan (SBP), based on a Geo Information report. 

In his remarks at this time, Faraz stated the premier has fashioned a brand new finance staff beneath Azhar’s management.

“Abdul Hafeez Shaikh is now not the finance minister,” the federal minister stated, including that he didn’t know what Shaikh’s future holds now.

Faraz stated selections had been made holding in view the realities of the nation and that the PTI regime wished to present aid to the poor.

“When a brand new particular person comes alongside, they give you new concepts,” he stated, confirming that Azhar has been given the portfolio of finance ministry.

“Abdul Hafeez Shaikh’s future is unknown,” he added.

Shaikh’s defeat in Senate

The reshuffle improvement got here after the PPP’s candidate in Senate elections, Yousaf Raza Gillani, defeated Shaikh for the Islamabad basic seat, following which PM Imran Khan on March 6 directed Shaikh to hold on his duties because the federal minister for finance and income.

Sources had earlier knowledgeable Geo Information that the prime minister had expressed full confidence within the finance minister’s talents. PM Imran had Khan stated he recognised Shaikh’s efforts to spice up Pakistan’s economic system, they’d added.

The sources added that Shaikh determined to not hand in his resignation following his assembly with the premier.

PTI’s ‘adviser and SAPMs’ conundrum

Again in 2019, Shaikh had been appointed the premier’s finance adviser in a cupboard reshuffle after Asad Umar tendered in his resignation because the finance minister.

Nonetheless, the Islamabad Excessive Courtroom (IHC) dominated in December 2020 that particular assistants to the prime minister (SAPMs) and advisers had no authority to chair or take part in conferences of the Cupboard’s committees.

Conferring the standing of a federal minister on an adviser was “just for the aim of perks and privileges” and “doesn’t make the adviser a federal minister as such”, the IHC had noticed in its judgement. Just a few days later, Shaikh took oath as finance and income minister.

The PTI authorities was on the lookout for the Senate polls’ end result to resolve the conundrum however Shaikh misplaced to Gilani in Islamabad. The previous nonetheless had time till June — beneath the ordinance that allowed him to change into finance minister — to proceed his duties in that capability.

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