Pakistan finance minister proposed as caretaker government head – Reuters

Pakistan's Finance Minister Ishaq Dar leaves after a post-budget press briefing in Islamabad, Pakistan June 10, 2023. REUTERS/Ariba Shahid/File Photo Acquire Licensing Rights
ISLAMABAD, July 24 (Reuters) – One of the main parties in Pakistan's ruling coalition has proposed that Finance Minister Ishaq Dar lead an incoming caretaker government, party sources said, to help push on with economic reforms agreed under an IMF deal.
Prime Minister Shehbaz Sharif has announced the coalition will dissolve parliament next month and hand over the reins to the caretaker administration to pave the way for national elections.
The Pakistan Muslim League-Nawaz (PML-N) has put forward Dar's name to its coalition partners, according to the sources who were not authorised to speak to media and declined to be identified.
"We think he could be the best bet to continue with the economic reforms agreed with the IMF," a PML-N member told Reuters.
Pakistan secured a badly-needed $3 billion short-term financial package from the International Monetary Fund last month, a much-awaited respite as it teeters on the brink of default.
The ruling coalition replaced former Prime Minister Imran Khan's administration after he lost a parliamentary vote of confidence in April 2022, having lost favour with the powerful military. The military denies having a role in his removal.
Khan's Pakistan Tehreek-e-Insaf (PTI) party said the caretaker government could not be impartial if it was led by Dar.
"If Ishaq Dar is to be made a caretaker prime minister, then there will be no elections but only a selection," PTI spokesman Farrukh Habib said.
The PML-N's main coalition partner, the Pakistan Peoples' Party, said it had not yet agreed on any name to head the caretaker government. Its leader, Sherry Rehman, told journalists a panel from her party would propose a candidate.
When asked about the proposal by Reuters, Dar said only: "Let's wait." Information Minister Marriyum Aurangzeb did not respond to a request for comment.
Reporting by Asif Shahzad; Editing by Edwina Gibbs and Andrew Heavens
Our Standards: The Thomson Reuters Trust Principles.
Thomson Reuters
Shahzad is an accomplished media professional, with over two decades of experience. He primarily reports out of Pakistan, Afghanistan regions, with a great interest and an extensive knowledge of Asia. He also reports on politics, economy, finance, business, commodities, Islamist militancy, human rights
Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, his investment company IMMSI said on Saturday.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2023 Reuters. All rights reserved


Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top