Saleem Mandviwalla has been named the new finance minister of Pakistan in place of Abdul Hafeez Shaikh. Mandviwalla was previously serving as the state minister for finance.
Hafeez Shaikh resigned on Tuesday amid speculation that he might be offered an important post in the caretaker government.
“Yes, I have resigned from the ministerial slot,” the former finance minister told reporters.
Shaikh departs as the Pakistani currency has hit a historic low against the dollar and inflation, daily power cuts and plummeting foreign investment are the order of the day.
Dr Sheikh assumed the ministerial slot in April 2010 when Shaukat Tarin resigned after differences with the PPP leadership over different issues.
wish you all the best my brother
past performance of both the gentlemen remained marginal with sinking economy, so no room for complacency.
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