ISLAMABAD: The federal government has decided to replace newly appointed Hammad Azhar with renowned economist Shaukat Tareen as the Federal Finance Minister, said sources.
As per sources, Hammad Azhar was a temporary appointment as Finance Minister after Hafeez Shaikh’s exit. It should be noted that Shaukat Tareen previously held the portfolio of Finance Minister during the government of Pakistan People’s Party (PPP).
During that time, he played an important role in the formula of NFC award for distribution of national revenue. He was elected as a senator in 2009 and then made the finance minister. Now, Shaukat Tareen will first be made the Finance Minister for six months and then he will contest Senate election to become a senator.