ISLAMABAD: It appears that the government has abandoned the search for replacement of former finance minister Ishaq Dar and rather intends to continue with the present arrangement until the end of its term.

Insider sources familiar with the development told Dawn on Tuesday that a proposal which has been floated earlier to appoint a minister of state for finance is not receiving any forward movement.

The sources said formal consent was also sought from former prime minister Mian Nawaz Sharif regarding the proposed arrangement to handle day-to-day matters of the Ministry of Finance, while strategic decision-making and the portfolio of finance will remain with the prime minister.

However, no signal for go ahead was received from Mr Sharif, the sources added.

As per the proposed plan, the idea was to appoint MNA Rana Mohammad Afzal Khan as minister of state for finance. It was also suggested that this arrangement will be supported by an advisory committee comprising four to six members who will provide input to the government on economic issues.

The present set up will continue by allowing Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan to look into tax related issues, while Federal Minister for Federal Education and Professional Training Baligh Ur Rehman is tasked to look into parliamentary affairs and appear before committees to defend government decisions, besides fulfilling other responsibilities.

Special Assistant to the Prime Minister on Economic Affairs, Miftah Ismail is tasked to look into special economic issues assigned to him. However, he is not in control of any ministry under the current position.

One of the sources however went on to say the finance ministry is suffering as a result that there are many functions that nobody is clear whose area of responsibility as the prime minister is too busy to take care of those functions.

Mr Dar was heading around 50 committees on various issues constituted by the government. The meetings of these committees are not being convened since the approval of finance minister leave applications and even earlier. The prime minister withdrew the portfolio of finance and economic affairs from Mr Dar on Nov 22 after granting him leave.

A source in the finance ministry said that incumbent government has lost interest in running the day to day affairs of the ministry.

“Undoubtedly, the finance ministry is suffering in terms of pushing for implementation of projects to sustain growth in all those indicators achieved earlier,” the official said.

Apparently things are working but there will be all of a sudden shock in case government did not take the appointment of a regular finance minister seriously, he added.

Finance Secretary Shahid Mahmood is also retiring in the next 15 days, the official said, adding even a bureaucrat has no power to implement an agenda of a political government.

According to the official, Mr Dar was heading several important committees. “It is unclear who is running affairs of fiscal and monitory board, monitor fiscal deficit and other important issues,” the official said.

Published in Dawn, December 20th, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

PAKISTAN has now registered 50 polio cases this year. We all saw it coming and yet there was nothing we could do to...
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...