Here’s why Hafeez Sheikh stepped down as finance minister
The reasons behind removal of Abdul Hafeez Sheikh as the finance minister have surfaced.
The Islamabad High Court had ruled that only elected representatives could head a cabinet committee and approve its decisions. Following the verdict of the high court, Hafeez Sheikh was appointed as the finance minister and he took oath for the portfolio on Dec 10 last year.
Under the constitution, he had to be elected from the National Assembly or Senate within six months of taking charge of the public office, which is going to expire on Jun 9.
Sources said that Prime Minister Imran Khan replaced him with an elected representative for negotiations and budgeting with the International Monetary Fund (IMF).
The Ministry of Finance has a crucial role in talks and preparation of budget with the IMF. Hammad Azhar has been appointed as the finance minister because he has twice presented the budget. The sources also said that the prime minister was worried about the growing inflation too and Abdul Hafeez Sheikh failed to control the inflation as a minister, while he was the head of the National Price Control Committee as well.
Another reshuffling in the Pakistan Tehreek e Insaf-led federal cabinet is looming as the unelected members would be replaced with elected members. PM Imran has an army of 15 special assistants and five advisers.