Resigned or ousted?: Finance Minister Hafeez Shaikh resigns.

  • Is he the establishment candidate for care-taker government?


    Did he resign or was he ousted? He claims that he resigned because he was being nominated as one of the government’s candidates for the interim PM’s job. But all other indications hint at an unceremonious ouster.

    Still, it is intriguing, if he was asked to resign, why did the government wait all these three years to make its move when it is almost time for the entire government to go home?

    It was amid these rumours of growing differences with the president that Dr Abdul Hafeez Shaikh on Tuesday finally resigned from his position as finance minister.

    Officials privately said that President Asif Ali Zardari removed Shaikh as the country’s finance minister after differences between the two over the filling of important posts and key policy issues reached a point of no return.

    When contacted, Shaikh confirmed his resignation to The Express Tribune and said that since he had been nominated for the slot of the caretaker prime minister, he deemed it unfit to be part of the incumbent government anymore.

    Immediately thereafter, the president administered the oath of the vacant position to his Senator Salim Mandviwalla — the fifth finance minister during the tenure of the incumbent PPP-led coalition.

    Mandviwalla had recently been appointed the minister for state for finance — a move many had predicated was the beginning of the end of Shaikh’s three years as the finance minister. Shaikh had assumed the office on March 18, 2010 after then finance minister Shaukat Tarin quit office.

    The change of guard at the Ministry of Finance comes less than a month before parliament completes its terms and the move is likely to further erode confidence in the country’s flagging economy, say analysts.

    Shaikh’s associates confirmed that the finance minister resigned after the establishment gave a green signal to appoint him as the caretaker prime minister. It is still not clear whether he has surrendered his senate seat that he had secured on a PPP ticket.

    At the same time, the possibility of Shaikh winning Pakistan Muslim League-Nawaz’s nod is highly unlikely after the mainstream opposition party reportedly shortlisted Justice (retd) Ajmal Mian and Justice (retd) Nasir Aslam Zahid as its choices for the caretaker premier.

    According to speculation in Islamabad, Shaikh is also being considered for the slot of the caretaker chief minister for Sindh.

  • Isn't finance ministry like foreign affair indirectly controlled by uniform angels?

  • Could it be that he wants to join PTI?


    Pakistan Muslim League-Nawaz (PML-N) has withdrawn Mehmood Khan Achakzai from its list of possible caretaker prime minister candidates after Baloch nationalists and parties objected to his political leanings.

    Sources told The Express Tribune that the PML-N leadership held a meeting a few days ago in which they finalised Justice (retd) Nasir Aslam Zahid’s name as caretaker prime minister and dropped Achakzai, the Pakhtunkhwa Milli Awami Party chief, from the list after reservations were lodged by the Balochistan National Party, Jamhoori Watan Party and Baloch leaders within the PML-N.

  • Hafeez Sheikh have resigned because he may want to have some position in the caretakes set up, probably the finance minister... i think that is one of the conditions of IMF...

  • @khanamer

    This is most likely. Moreover, budgetary exercise will go on along with the elections as it may not be possible for the new Govt to prepare and submit budget for next year in such a short time.