• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Saturday, June 6, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

News Desk

PM sacks Hafeez Shaikh over ‘growing inflation’

Published on: March 30, 2021 4:54 AM

Prime Minister Imran Khan has decided to remove Abdul Hafeez Shaikh from the post of finance minister, Federal Information Minister Shibli Faraz told a private TV channel on Monday.

Senator Shibli said that Revenue Minister Hammad Azhar will be given additional charge of the finance ministry. He said the decision has been taken as the prime minister was not satisfied with the performance of Shaikh amid rising inflation in the country. “PM Khan is unhappy due to inflation in the country and has decided to bring in a new finance team,” he said, adding that the prime minister has expressed confidence in the performance of Hammad Azhar and given him charge of the finance ministry as well.

Azhar is the third finance minister to be appointed since the PTI came to power in 2018.

“Prime Minister Imran 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,” said Faraz, adding that he does not know about Shaikh’s future in the government. He said further changes in the cabinet will be disclosed by Tuesday (today).

The move comes weeks after Hafeez Shaikh, who enjoyed the status of federal minister since December last year, lost the bid for a Senate seat to PPP’s Yousuf Raza Gilani, leading to questions about his status in the federal cabinet. Shaikh, who is not a member of parliament, was previously an adviser to the premier on finance and was appointed as finance minister in December last year. However, as per Article 91 (9) of the constitution, he cannot remain a minister for more than six months until he is elected to one of the houses. Thus, it was necessary for him to be elected to the Senate this time around in order to continue as the finance minister after June.

Following his loss, Lahore High Court Chief Justice Qasim Khan had questioned how Sheikh could be in the office as an unelected member of the cabinet despite losing the Senate election. “In truly democratic countries people voluntarily resign from the public offices if [they are] not elected,” the chief justice had observed and added the establishment of the democracy warranted actions, not mere words. “It seems Sheikh would hold his bag and just depart once the job is done,” he remarked.

Last week, Prime Minister Imran Khan had asked his special assistant on petroleum Nadeem Babar and the secretary petroleum to step down in order to ensure transparency in the fuel crisis probe. “The prime minister has decided that as the whole chain is to be probed and billions of rupees of the nation are to be investigated, therefore in order to bring this certainty that there is not even a doubt that anyone could influence the investigation, the actions have been taken for both these individuals,” Asad Umar had said while addressing a press conference. He had said that Petroleum Division secretary would also be asked to report to the Establishment Division as soon as his replacement was finalised. He, however, had clarified that the direction to the SAPM and the secretary did not mean that they were involved in the criminal act.

Reacting to the development, Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari termed the removal of Hafeez Shaikh as the finance minister as the victory of the Pakistan Democratic Movement (PDM). In a message posted on Twitter, Bilawal Bhutto said that the sacking of the finance minister was the victory of the PDM. “PTIMF minister needed to be elected to continue in post and Senate defeat made that impossible,” he said, adding that the government has now admitted that inflation is skyrocketing because of its failed policies. “Parliamentary opposition [has] proven most effective vs this regime,” he said.

Filed Under: Pakistan Tagged With: lead

Submit a Comment




Primary Sidebar




Latest News

Alexander Zverev eases past Jakub Mensik in French Open semifinals

Taylor to face Pili in Croke Park farewell

FIFA bans vuvuzelas from World Cup stadiums

France brush off Ivory Coast loss, call it timely World Cup reminder

Legendary boxer Muhammad Ali’s 10th death anniversary observed

Pakistan

JAAC declared proscribed party ahead of AJK polls on July 27

Fixed tax scheme for small retailers launched to raise Rs 50bn annually

Govt cuts petrol price by Rs 4 per litre, keeps diesel’s unchanged

Bilawal promises GB voters with land and job rights

Iran declares support for Hezbollah with wider peace deal in doubt

More Posts from this Category

Business

SBP’s ‘Go Cashless’ campaign saw Rs 34bn in digital transactions on Eid

Short-term inflation down by 0.56%

Saudi-Pak Business Council shows interest in infrastructure investment

‘Govt, allies united in efforts to craft people-centric budget’

Rupee records gain against US dollar

More Posts from this Category

World

CENTCOM space post signals wider US military footprint

US official delivers Trump’s “good hello” to Putin

NASA lifts ISS evacuation alert after leak

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.