Finance Minister has not quit: Pak

Rumours about Dar's resignation are fake minister

Media channels earlier reported that Mr. Dar had sent resignation to PM Shahid Khaqan Abbasi, forcing the government to clarify the confusion.

On the other hand, people close to Pakistan Muslim League-Nawaz (PML-N) denied the reports and said that Dar has many other options to avail instead of resigning.

The Dawn newspaper reported the government has made a decision to replace Dar after getting the nod from Sharif, and several leaders were being considered for the post, including former finance minister Shaukat Tarin, former State Bank of Pakistan governor Ishrat Husain and interior minister Ahsan Iqbal.

Currently, Dar is in London undergoing cardiac treatment.

Pakistan Government on Saturday said that Finance Minister Ishaq Dar has not resigned amidst reports that the embattled leader has chose to step down after his indictment in the Panama Papers scandal.

The spokesman added, that the prime minister was taking regular briefings on matters of finance and was managing the portfolio efficiently.

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Per media reports, PM Abbasi may retain the portfolio, and a committee comprising of Dr Miftah and former State Bank governor Dr Ishrat Husain, would manage the financial matters.

On 7 October 2008, Shaukat was appointed adviser to the government and was elevated to the post of finance minister after being elected as a senator from Sindh on 27 July 2009.

The National Accountability Bureau (NAB), the country's anti-corruption watchdog, has begun the process to place Sharif, his sons Hassan and Hussain, daughter Maryam Nawaz and her husband Muhammad Safdar on the interior ministry's Exit Control List (ECL), effectively barring them from leaving Pakistan.

In September, a NAB court had indicted Finance Minister Ishaq Dar in a reference regarding owning assets beyond his known sources of income. The finance minister will face all the charges that have been levelled him in the NAB references, she commented.

Apart from his illness, an accountability court on November 14 had issued non-bailable warrants for the embattled finance minister after he once again failed to appear in person, while seeking an exemption from the hearing due to his ailment through the counsel.

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