The Prime minister of Pakistan once again reshuffled the federal cabinet. The fourth reshuffle introduced Shaukat Tareen as the Finance minister of Pakistan.
Mr. Shaukat, a banker by profession was earlier affiliated with PPP (Pakistan Peoples Party) where he held the same title for a Short Period of time. Just a few weeks ago, Hammad Azhar was appointed as the Finance minister on 29th March, replacing Hafeez Shaikh.
The new reshuffle, namely “New Team”, introduced the following changes in the federal cabinet of Pakistan:
- Hammad Azhar has been appointed as the Minister for Energy, replacing Omar Ayub
- Khusro Bakhtiar has been appointed the Minister for Industries and Production
- Shibli Faraz has been appointed the Minister for Science and Technology, replacing Fawad Chaudhry
- Fawad Chaudhry has been appointed the Minister for Information and Broadcasting, replacing Shibli Faraz
- Omar Ayub has been appointed as Minister for Economic Affairs, replacing Khusro Bakhtiar
- Shaukat Tareen has been appointed as Minister of Finance and Revenue, replacing Hammad Azhar
I am grateful to PM for providing me opportunity to work as @MinistryofST I realise if one ministry that can change fate of Pak its @MinistryofST I hope in future we ll merge IT in MoST and ll make a super effort to change Pakistan into a hub of Knowledge economy
— Ch Fawad Hussain (@fawadchaudhry) April 16, 2021
The opposition’s stance on the Prime minister’s cabinet reshuffle is unceasing as it’s supposed to be. Opposition party PML-N criticized the changes, saying it proves the Prime Minister has failed at his job.
“In less than three years, this is the fourth finance minister to take up the portfolio,” said PML-N supremo Nawaz Sharif’s spokesperson, Muhammad Zubair.
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.