Islamabad: The Finance Minister of Pakistan Shaukat Tarin is likely to step down from his post as his term eventually came to an end today (Saturday).
According to the details, Shaukat Tarin was made Federal Minister for 6 months but his term as Federal Minister is coming to an end today as it cannot be extended further.
Sources said that the Cabinet Division has prepared both the notifications regarding the appointment of Shaukat Tarin as advisor and de-notification as Finance Minister. Now there is no other option but to appoint Tarin as Adviser to Prime Minister on Finance and Revenue.
The portfolio of finance minister will fall vacant today leaving only two options i.e. either to appoint someone elected or this portfolio rests with Prime Minister Imran Khan for the time being.
It should be noted that under Article 91 of the Constitution of Pakistan, an unelected person can be made a Federal Minister for 6 months. However, in order to remain in the Cabinet, an unelected person must be a Senator or a member of the National Assembly.
Earlier, Hafeez Sheikh was also the unelected Finance Minister who was removed from office after his defeat in the Senate elections. Hafeez Sheikh’s six-month term as finance minister was due to end on June 9, and his defeat in the Senate election made it impossible for him to remain in office.
On April 16, 2021, Prime Minister (PM) Imran had appointed Tarin as the finance minister in yet another cabinet reshuffle during the third year of the Pakistan Tehreek-e-Insaf (PTI) government.
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