Senator Ishaq Dar of Muslim League-N was sworn in as Federal Minister at the President’s House in Islamabad.
President Dr. Arif Alvi administered the oath to Ishaq Dar, yesterday he had taken the oath of membership of the Senate.
Prime Minister Mian Muhammad Shahbaz Sharif and federal ministers participated in the swearing-in ceremony.
Ishaq Dar will be the fourth Finance Minister
The government that came to power claiming to control inflation could not control inflation, the portfolio of the finance ministry was withdrawn from Miftah Ismail and it was decided to give the portfolio of the finance ministry to the disgraced politician Ishaq Dar at such a time. Gone are the days when inflation has reached 27 percent, the dollar is flying out of control and the economy is in dire straits.
Ishaq Dar, who was a federal minister 3 times, held the portfolio of the Ministry of Commerce 1 time and the Ministry of Finance 3 times.
Ishaq Dar is holding the portfolio of the Ministry of Finance for the fourth time after ending his self-imposed exile from abroad on the instructions of his political leadership.
He graduated from Halle College of Commerce, Punjab University in 1974 and was a member of the Institute of Chartered Accounts in Great Britain and Wales.
Ishaq Dar started his political life in 1980, he was a member of the National Assembly for 2 times from 1993 to 1997, he was the chairman of investment board in the first term of power of Muslim League-N in 1992, he became the federal minister for the first time in 1997 and the secretary of the Ministry of Commerce. handled
He first took charge of the Finance Ministry in 1998, when Pakistan was facing economic sanctions due to the nuclear explosions.
Ishaq Dar was the finance minister for a short period in 2008 during the prime ministership of Yusuf Raza Gilani.
Ishaq Dar was elected senator in 2003, 2-time parliamentary leader in the upper house, he took over the portfolio of finance minister in 2013 when the rupee was destabilizing and the country’s economy was in decline.
Ishaq Darki’s efforts paid off and the rate of economic growth of the country increased, the value of the rupee also improved, and the rate of inflation remained low.
According to the report of Pakistan Economic Survey, in 2017 and 2018, the size of Pakistani economy had reached 313 billion dollars.
Ishaq Dar is known for taking tough economic decisions and negotiating with financial institutions including the IMF.
In September 2017, the court indicted Ishaq Dar in a case of making assets in excess of his income, after which he went to the UK a few days later, now he has returned home after ending 5 years of self-imposed exile.
He has once again taken charge of the Finance Ministry at a time when inflation is on the rise in the country, the Pakistani rupee is constantly depreciating against the US dollar, foreign exchange reserves are continuously dwindling and economic conditions are dire due to floods. Tarin has become a victim of difficulties.
