ISLAMABAD: Prime Minister Imran Khan on Monday unceremoniously removed Finance Minister Hafeez Shaikh due to differences over the International Monetary Fund programme, particularly on recommending sweeping governor-centric powers to the central bank.
Senator Shibli Faraz, in an interview with a private television channel, announced that the government has decided to remove Dr Abdul Hafeez Shaikh from the post of finance minister and replace him with Minister for Industries and Production Hammad Azhar.
According to Shibli, Prime Minister Imran Khan decided to bring in a new finance team in view of “inflation that had taken place”.
Azhar will be the third economic czar appointed by the premier in his two-and-a-half-year tenure. Read more…..
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China and Iran signed a 25-year corporation agreement last weekend to strengthen economic and political ties.