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IMF programme: Waqar Masood’s position expanded, redesignated as SAPM on Finance, Revenues

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Dr Waqar Masood.
  • PM Imran make modifications in portfolios, re-inducts Usman Dar.
  • Dr Waqar Masood has been given further cost of finance with an eye fixed on IMF programme.
  • He was not appointed as secretary-general finance as a result of he can be touching the age of 65 years in coming January 2022.

ISLAMABAD: Increasing the position of Dr Waqar Masood, Prime Minister Imran Khan on Thursday re-designated him as Particular Assistant to PM on Finance and Revenues with the standing of Minister of State with rapid impact, The Information reported Friday.

It was earlier reported that the newly-appointed Finance Minister Shaukat Tarin was anticipated to deliver modifications within the ministry with the aim to deliver knowledgeable technocrat with the accountability to run the IMF program in a simpler method.

Earlier, Dr Waqar Masood was serving as Particular Assistant to PM on Revenues solely. 

Nevertheless, the federal government issued a contemporary notification and re-designated Dr Waqar Masood as Particular Assistant to the PM on Finance and Revenues.

Now, Dr Waqar Masood Khan has been introduced in with the portfolio of SAPM on Finance and Revenues with the mandate to run the IMF program in such a manner the place Pakistan can re-negotiate circumstances with the IMF beneath the $6 billion Prolonged Fund Facility (EFF).

Now the backdoor discussions will kick-start and its consequence can solely be reflective within the upcoming price range for 2021-22.

Nevertheless, Pakistani authorities will attempt to persuade the IMF to cut back the hike within the electrical energy tariff and repair the FBR’s goal, retaining in view the bottom realities.

Based on a notification issued by the Cupboard Division, by way of rule 4 (6) of the Guidelines of Enterprise 1973, the prime minister has been happy to re-designate Dr Waqar Masood Khan, the Particular Assistant to Prime Minister on Revenues, as Particular Assistant to PM on Finance and Revenues with the standing of Minister of State with rapid impact.

High official sources mentioned Dr Waqar Masood was not appointed because the secretary-general finance as a result of he can be touching the age of 65 years in January 2022, so the federal government determined to re-designate his present portfolio by including finance into it.

Now extra modifications are anticipated within the Ministry of Finance, earlier than or after the announcement of the price range.

Usman Dar again into the cupboard

In the meantime, Pakistan Tehreek-e-Insaf (PTI) chief Usman Dar has once more been appointed as Particular Assistant to Prime Minister on Youth Affairs.

Dar mentioned he would use all his skills to realize the purpose of Naya Pakistan.

Moreover, Farrukh Habib took oath because the Minister of State for Data and Broadcasting. President Dr Arif Alvi administered him the oath at a ceremony at Aiwan-e-Sadr.

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