Miftah quits, Dar to work as finance minister

The Nation  |  Sep 26, 2022

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ISLAMABAD    -   Finance Minister Miftah Ismail has resigned apparently to pave way for PML-N senior leader and finance expert Ishaq Dar is all set to take over the finance ministry.

Miftah stepped down after Prime Minister Shehbaz Shar­if and PML-N Quaid and former prime minister Nawaz Shar­if held an important meeting in London yesterday.

According to the party decidi­on, Ishaq Dar is arriving back to Pakistan along with Prime Min­ister Shehbaz Sharif and will take oath as senator on coming Tuesday. Later, Ishaq Dar also told a private TV channel that he will be coming back to Pakistan along with PM Shehbaz on Sun­day and will take oath as Senator on Tuesday, adding that after the decision of PML-N bigwigs, he would take oath as Finance Min­ister on Wednesday.

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Information Minister Marri­yum Aurangzeb, outgoing fi­nance minister Miftah Ismail and other party leaders includ­ing Ishaq Dar and Malik Mu­hammad Ahmad Khan were also present during the meeting.

In the meeting, the overall po­litical situation of the country was discussed in detail.

The outgoing finance minister Miftah Ismael submitted his res­ignation to the PML-N supreme leader. “I worked to the best of my ability for four months, and remained loyal to the party and the country,” the PML-N state­ment quoted Miftah as saying during the meeting.

The party spokesperson shared that while submitting his resignation, Miftah said that the ministry was mandated to him by Nawaz and that he had made him the minister.

Nawaz Sharif appreciated the efforts made by Miftah for performing as finance minis­ter under the “tough econom­ic challenges”. On the occasion, Shehbaz Sharif and Nawaz Shar­if nominated Dar as the new fi­nance minister of the country.

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The meeting was of the view that the incumbent government had to “put out the fire of economic disaster” caused by the pre­vious PTI-led regime. Earlier, Sharif brothers had decided that Dar would replace the incumbent finance minister Miftah Is­mail. The decision to appoint Dar as financial czar appears to be a desperate move by the bigwigs of the PML-N not only to revive the country’s faltering economy but also to regain its lost politi­cal capital ahead of the next general elections.

Dar, the senator-elect, is likely to take oath as the finance min­ister after his arrival tomorrow. PM Shehbaz, who had gone to the UK to attend the funeral of Queen Elizabeth, had met his el­der brother in London to discuss key political issues before de­parting to the US to attend the UN General Assembly session. Af­ter the UNGA session, the PM returned to London again and had a long meeting with his brother and Dar, who had left for the UK in October 2017 while he was facing trial in a corruption refer­ence. The PML-N officials accompanying the prime minister re­vealed that Miftah had opted to resign instead of taking a new portfolio after the party leadership to replace him with Dar.

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Miftah’s term as the finance minister is ending tomorrow as he could only serve for six months as he is not an elected parlia­mentarian. The strategy to deal with PTI Chief Imran Khan’s call for a long march, and ending PTI’s government in Punjab was also discussed. It was decided that Imran Khan’s long march will be dealt with by all legal means and no one will be allowed to create anarchy in the country, said a source privy to the meet­ing.The meeting decided that the next general elections will be held on time and no pressure from the PTI will be tolerated

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