ISLAMABAD: Pakistan's Prime Minister Imran Khan appointed a new finance minister on Friday, replacing Hammad Azhar, who received the portfolio less than a month ago.
Shaukat Tarin, the new appointee, is a banker who also served at the same position from 2009 to 2010 under the Pakistan Peoples Party administration of former prime minister Yousaf Raza Gilani.
The news was announced by the newly appointed information minister Chaudhry Fawad Hussain who shared the notification of the recent cabinet reshuffle in a Twitter post:
“Prime Minister Imran Khan has made changes in the cabinet, the details of these changes are attached.”
Azhar will now look after the Energy Ministry. He was given the additional portfolio of finance and revenue after Abdul Hafeez Shaikh was recently asked to step down last month over what the government described as rising inflation.
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.
Apart from the two cabinet changes, the prime minister also took the Economic Affairs Ministry from Makhdoom Khusro Bukhtiar and gave him the Ministry of Industries and Production.
Omar Ayub, who was previously supervising the Power and Petroleum Divisions, has now been tasked to take care of the Economic Affairs Ministry.
Senator Shibli Faraz has also been assigned the Ministry of Science and Technology which fell vacant when Chaudhry Fawad Hussain was appointed as federal minister for information and broadcasting.
“As info minister my task is to change misperceptions about Pak[istan] and highlight the vibrant effort of the Government,” Hussain wrote on Twitter.