The Pakistan Tehreek-e-Insaf (PTI) government will soon be required to pick a new finance minister as Abdul Hafeez Shaikh’s tenure of six months is going to expire in June 2021 following his loss in the Senate election.
Hafeez Shaikh, who took oath as Minister for Finance on December 11, 2020, was contesting for the Senate seat from Islamabad from the platform of the PTI and it was requisite for him to win the polls to continue the same portfolio since he was an unelected individual to head the ministry. However, under the Constitution, it would not be possible to serve as finance minister as he has been defeated by former prime minister Yousaf Raza Gillani, the joint candidate of the PDM, in yesterday’s Senate race.
According to reports, PTI lawmakers and allied parties’ lawmakers were not happy with the PM’s decision to award a ticket to his aide on finance as many saw Sheikh as a “parashooter” in the PTI ranks.
It remains to be seen who will be the next finance minister.
