ISLAMABAD: Prime Minister Imran Khan has appointed Shaukat Tareen as the country’s new finance minister.
Tareen has replaced federal minister Hammad Azhar, who was given an additional portfolio of the country’s finance minister a few weeks ago when the premier replaced him with Dr Abdul Hafeez Shaikh.
Shaukat Tareen is a filthy rich businessman and is also the owner of Silk Bank.
Tareen is already a member of the prime minister’s Economic Advisory Council.
Tareen previously served as the finance minister from 2009 to 2010 during the Pakistan People’s Party (PPP) government.
Previously, Tareen was ready to join Imran Khan Cabinet but has asked for 15-20 days due to his commitments.
PM also decided to reshuffle portfolios of other cabinet members.
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 already been appointed the Minister for Information and Broadcasting, replacing Shibli Faraz and Omar Ayub has been appointed as Minister for Economic Affairs, replacing Khusro Bakhtiar.