Days after it was reported that the Pakistan Tehreek-e-Insaf (PTI) government is tightening the noose around former finance minister Ishaq Dar, reports claiming his family is going through a financial crunch, have surfaced.

According to reports, the Pakistan Muslim League-Nawaz (PML-N) leader’s son, Hasnain Dar, has decided to shut down his Ontario International Canadian School (OICS) in Dubai citing “financial issues” as the family “starts to wind up their ventures abroad”.

Mirdiff based OICS was opened in 2014 and follows the Canadian curriculum for kindergarten to grade 10, with fees ranging from Dh28,000-56,000 a year.

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Last week, the school administration issued to parents a circular signed by Dar, which has reportedly left over 200 parents in an awkward position while around 50 teaching and non-teaching staffers will also be affected.

“I have continuously been engaged in discussions with KHDA regarding the future of OICS. However, it is only fair for me to share with you that —the school does not have the financial support to continue beyond June 30, 2019,” the circular read.

“I understand that this is an incredibly difficult time for families and we at OICS are committed to ensuring a smooth transition of your children to other schools. As a part of our effort for this smooth transition, we have asked Kings’ Education to honour the OICS fee structure for the next two academic years for any students who wish to transfer to Kings’ Schools,” it said further.