ISLAMABAD: Hammaz Azhar has been named new Finance Minister of the country. Hammad Azhar, who is presently federal minister for industries and production, has confirmed his new assignment through a tweet on Monday.
“I am honored to be entrusted with the additional charge of finance by the prime minister,” Hammad Azhar said in the tweet.
“Pakistan’s economy has made significant gains towards stabilization since 2018. We shall continue to consolidate these gains and strengthen the growth momentum,” he added.
Earlier, Senator Shibli Faraz confirmed the changes in the finance ministry. The government decided to remove Dr Abdul Hafeez Shaikh from the post of finance minister and replace him with Minister for Industries and Production Hammad Azhar, Faraz told a private TV channel.
He said that Prime Minister Imran Khan decided to bring in a new finance team in view of the inflation that had taken place.
Hammad is the third finance minister of PTI government.
Prime Minister Imran Khan gave the portfolio of finance to Hammad Azhar who is a young and able minister so that he devises policies according to the ground realities of Pakistan and the poor get relief, according to Faraz.