Tag: Hafeez Sheikh

  • Hafeez Sheikh in, Ishaq Dar out; Rana Sanaullah says interim PM names shortlisted

    Hafeez Sheikh in, Ishaq Dar out; Rana Sanaullah says interim PM names shortlisted

    Federal Interior Minister Rana Sanaullah has said on Sunday that former finance minister Hafeez Shaikh has been shortlisted among the names being discussed for caretaker prime minister.

    Earlier on Sunday, Prime Minister Shehbaz Sharif said that the National Assembly would be dissolved three days before the completion of its tenure, on August 9.

    The assembly will complete its term on August 12, in which case the Election Commission of Pakistan (ECP) would be responsible for holding the election in the next 60 days.

    Speaking on Geo News’ programme ‘Naya Pakistan’, Sanaullah said that the name of a retired judge of Supreme Court is also among the shortlisted candidates for caretaker PM.

    “The interim prime minister will be finalised by Tuesday or Wednesday (August 8 or 9),” he added.

    He also mentioned that the names of Finance Minister Ishaq Dar and former Prime Minister Shahid Khaqan Abbasi are not among the shortlisted candidates.

  • People likely to get record Rs6.37 billion relief this Ramzan

    People are likely to get record relief this Ramzan as a Rs6.37 billion package has been proposed.

    According to reports, the Ministry of Industries & Production (MoIP) has proposed the Economic Coordination Committee (ECC) to approve the mega Ramzan relief package for 2021.

    Profit quoted sources at MoIP as saying that under the proposed relief package to be offered through utility stores network, the government would give a subsidy of around Rs40 per kilogramme on sugar, banaspati ghee and wheat flour. The ECC, which would be chaired by Finance Minister Abdul Hafeez Shaikh, is likely to approve the historic relief package soon, they added.

    As per an MoIP official, the average Ramzan relief package in the past 10 years ranged between Rs1.5 to Rs2.5 billion.

    “The relief package last year was Rs2.5 billion and the average savings for the consumers remained Rs10–Rs15 on various items. However, serious intervention will be required this year to control the prices of vegetable ghee and oil, sugar and even wheat flour,” he added.

    They said the relief package would include a reduction in prices of 14 essential items by 10pc to 15pc at utility stores, besides the sale of five items at subsidised rates.

  • Will Hafeez Shaikh continue as finance minister?

    Will Hafeez Shaikh continue as finance minister?

    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.

  • Senate elections: Vawda, Hafeez Sheikh, Sania Nishtar among PTI candidates

    The Pakistan Tehreek-e-Insaf (PTI) has finalised most of its candidates for the upcoming Senate elections slated to be held on March 3.

    According to a list shared by Science and Technology Minister Fawad Chaudhry, the PTI has decided to field PM’s aide on finance Hafeez Sheikh and Fouzia Arshad on Islamabad seats. MNA Faisal Vawda, who is facing a disqualification case, will be PTI’s candidate from Sindh, while Abdul Qadir will contest the polls from Balochistan.

    In Khyber Pakhtunkhwa, outgoing senator Shibli Faraz, also the incumbent information minister, Sania Nishtar, Dost Muhammad, Mohsin Aziz and Farzana will be the nominees for the Senate slots. In Punjab, the party has decided to field Dr Zarqa, PTI senior leader Saifullah Niazi, and Barrister Ali Zafar as its nominees.

    Meanwhile, Saifullah Abro will be vying for the technocrat seat. Fawad said that the complete list of the PTI Senate candidates will be shared soon.

    SENATE ELECTIONS:

    Amid a controversy surrounding the Senate elections over the secret ballot, the Election Commission of Pakistan announced to hold the polls on the upper house seats on March 3. According to the ECP, the last date for filing of nomination papers is February 13, followed by a scrutiny process for the nominations.

    On February 6, President Dr Arif Alvi signed Elections (Amendment) Ordinance 2021 that will pave way for the organisation of Senate elections through open ballot. The opposition, however, has reservations on the move and vowed to oppose it.

    On the other hand, a presidential reference filed by the government in the Supreme Court seeking guidance on the Senate voting procedure is being heard to decide whether the government needs an amendment to end the secret ballot.

    Earlier this week, the SC had said that Article 226 allows secret ballot. The article reads: “All elections under the constitution, other than those of the prime minister and the chief minister, shall be by secret ballot.”