Dr Abdul Hafiz Sheikh has been appointed as advisor to PM on finance

[RangeMaster]

Currently on Ary news

https://twitter.com/x/status/1118921076782829570

Who is Dr Hafeez Sheikh?

Dr. Abdul Hafeez Shaikh (Urdu: عبدالحفیظ شیخ‎) is a Pakistani political economist of international repute with over 30 years of experience in economic policy-making, management and implementation. He served as the 20th Finance Minister of Pakistan from 2010 to 2013.
haikh was educated and earned doctorate from the Boston University in the United States, and has authored many publications including a book on Argentina. He also served as a professor at the Harvard University. Dr. Shaikh associated his services with the World Bank, and served as the director of economics operations of World Bank in Saudi Arabia throughout the 1990s. His other international experience includes assignments in Saudi Arabia, Sri Lanka, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Romania, Czech Republic, Iran, Kuwait, Argentina, Bangladesh, Jordan, Qatar, Malta, Botswana, Tanzania, Ghana and Libya.

Dr. Hafeez Shaikh had a highly successful tenure as Minister for Finance, Planning & Development in provisional government of Sindh Province during 2000–2002.

Following that, his three years as the Federal Minister for Privatization & Investment were the most successful in Pakistan's history. 34 transactions worth over US $5 billion were completed in a transparent fashion. Using the slogan of "Privatization for the People", shares in several companies were given to 0.8 million people, creating broad ownership. The period saw foreign direct Investment increase from $1 Billion to $5 Billion. Dr. Shaikh was awarded Pakistan's "Man of the Year" in 2004 by the business community in recognition of his contributions to the country. He left the Government in early 2006.

In 2010, he was appointed as finance adviser of the Government of Pakistan and was later appointed as the chief of the Finance Ministry after securing his mandate from Jacobabad constituency. Since then, he has been directing the economic and financial institutions of the country.

In 2012, he became an active member of Pakistan Peoples Party and successfully contested in the 2012 senate elections. He was a highly regarded member of the Senate of Pakistan and was Chairman of the Senate's Committee on World Trade Organization.

After leaving the Government, Dr. Shaikh was General Partner of an international investment company, headquartered in New York, which set up a $1.38 Billion fund for investments in Asia.[1]

 

[Kaniska]

It seems like IMF is suggesting economist to be included in IK ministry

 

[Super Falcon]

Pak economy is un fixable either damage control or sell resources of pak and pay your debt so our money get better against dollar no way out

He was a better than stupid asad

 

[valkyr_96]

It seems like IMF is suggesting economist to be included in IK ministry

Which if true is good news Ishaq Dar was a Chartered Accountant his mind was fully of creating SPVs to hide liabilities (note the word used is "park"). This idiot did not understand that corporations can mask debt through such measures because it is not reported hence off-balance and in an offshore account. Governments cannot not do this no matter what convention you chose if the debt shows on the balance sheet it is not off balance sheet. Another thing he did was to ringfence federal receipts to raise Eurobonds. Then he proceeded to prop up the exchange rate with the money not invest it. This has only one implication, convert rupee to dollar and take it out of Pakistan. The current SBP chief is a PMLN lackey.

 

[H!TchHiker]

So PPP destroyed Pakistan economy and now we have there FM....Don't know why IK couldn't find somehting new

 

[SSGcommandoPAK]

as per state bank

Current account deficit have been decreased to 9.5 Billion USD ... which is reduced from 17 billion USD (last year same period it was 13 B)

 

[WaLeEdK2]

So PPP destroyed Pakistan economy and now we have there FM....Don't know why IK couldn't find somehting new

He’s more of a technocrat. Not affiliated with any party I think. During the Musharraf era he was minister of privatization and investment and he was very successful in that. During PPPs era as finance minister, not so much.

 

[Sugarcane]

Is he elected member? If yes, then from which party, If No, then how he will become Minister?

 

[Dark-Destroyer]

It seems like IMF is suggesting economist to be included in IK ministry

How did they tell you... why cant it be a decision made by the government why does everything have to come externally

 

[KeyBORED Warrior]

The news on social media on one page is doing the rounds that the sacking orders of AU came from the GHQ rather than Bani Gala. Reason being AU had agreed with IMF to 'control' the defense expenditures. I want to know the members opinion on this.

 

[TOPGUN]

He is a good choice lets see what he does.

 

[RangeMaster]

https://twitter.com/x/status/1118891150620884992

 

[zulu]

On what base they are making him??and if no issue getting PPP than why not Saleem Mandviwala at least that guy know how business runs got support from community

 

[313ghazi]

The news on social media on one page is doing the rounds that the sacking orders of AU came from the GHQ rather than Bani Gala. Reason being AU had agreed with IMF to 'control' the defense expenditures. I want to know the members opinion on this.

ASAD UMAR denied that rumour a couple of days ago.

 

[Lincoln]

It seems like IMF is suggesting economist to be included in IK ministry

He has a good record. IMF suggesting or not, look where we ended up: back at IMF bailout package, proving the "IMF-aligned" economists right.

The news on social media on one page is doing the rounds that the sacking orders of AU came from the GHQ rather than Bani Gala. Reason being AU had agreed with IMF to 'control' the defense expenditures. I want to know the members opinion on this.

How does one give an opinion on something that is baseless.