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.

Incredibles 2 Trailer Released by Disney-Pixar: Oh, Baby!
Welcome to #TrailerChest , where we're taking a sneak peek at the brand new trailer for The Incredibles 2 . Don't forget to share this post on your Facebook wall and with your Twitter followers!

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.

Related News:

  • Tesla CEO Elon Musk unveils a surprise new vehicle

    Tesla CEO Elon Musk unveils a surprise new vehicle

    It will have a 200 kilowatt hour battery pack and will be able to drive 620 miles on a single charge, Musk said. This comes right one day after the unveiling of Tesla's brand new Roadster and a semi-truck .
    Congress yet to release list for Gujarat

    Congress yet to release list for Gujarat

    The powerful Patel community has for years been staunch supporters of the BJP that has been in power in the state for two decades. Votes will be counted on December 18 along with those for Himachal Pardesh, where elections were held last week.
    Hardik Patel sex CD row

    Hardik Patel sex CD row

    It's internal issue of Hardik and his rivals", Deputy Chief Minister Nitin Patel told journalists in Ahmedabad . The BJP has denied all claims made by the PAAS leadership.
  • David Goffin short on ideas ahead of Roger Federer clash

    David Goffin short on ideas ahead of Roger Federer clash

    Dimitrov won 19 of 20 first-serve points, converted five of 10 break points and absolutely annihilated the US Open semifinalist. Dimitrov continued his fine form to take it to 5-0 before Carreno Busta finally managed to hold serve.
    Michael O'Neill set for talks over vacant Scotland job

    Michael O'Neill set for talks over vacant Scotland job

    Rodgers replied thus to the claims that the Scottish F.A sees O'Neill as the right man for the job: "It is not surprising". Michael is still in the job, he is the manager of Northern Ireland, he isn't the manager of Scotland.
    Overnight drizzle in Delhi may help ease up pollution

    Overnight drizzle in Delhi may help ease up pollution

    India Meteorological Department has recorded 1-millimetre rainfall till 8:30 am on Saturday in the capital. In neighbouring Noida, Ghaziabad and Gurugram, the AQI also showed "poor" category.
  • Fresno unemployment rate inches up in post-harvest October

    Year-over-year, leisure and hospitality gained the most, 7,400, led primarily by food services and watering holes, up 5,000 jobs. Other sectors adding jobs over the month were trade, transportation and utilities; financial activities; and construction.
    David Luiz back in Chelsea squad, Conte confirms

    David Luiz back in Chelsea squad, Conte confirms

    Chelsea manager, Antonio Conte has spoken concerning the surprised resignation of Technical Director, Michael Emenalo. I always said to myself that I wanted to break into this team, to do the best I can for this football club.
    Santa Claus Parade Season Kicks Off

    Santa Claus Parade Season Kicks Off

    Even larger crowds are expected this year, with the cancellation of the Downtown Business Association's Holiday Light Up event. Santa will be making visits to PNC Bank for photos following the parade. "I'm coming to Edmonton to stay warm", he laughed.
  • Freeport-Mcmoran Inc (FCX) Position Increased by Mitsubishi Ufj Trust & Banking Corp

    Freeport-Mcmoran Inc (FCX) Position Increased by Mitsubishi Ufj Trust & Banking Corp

    Tiaa Cref Investment Management LLC bolstered its ownership by buying 962,854 shares an increase of 10.9% as of 09/30/2017. Wall Street analysts polled by Thomson Reuters have a current recommendation of 2.80 on a consensus basis for the stock.
    Lockheed Martin Corp (LMT) Holdings Increased by Geode Capital Management, LLC

    Lockheed Martin Corp (LMT) Holdings Increased by Geode Capital Management, LLC

    The firm has a market cap of $89,071.13, a price-to-earnings ratio of 24.42, a PEG ratio of 2.96 and a beta of 0.58. Davis Capital Partners Llc increased Capital One Financial Corp (COF) stake by 0.79% reported in 2017Q2 SEC filing.

    Calamos Advisors LLC Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

    Private Harbour Investment Management & Counsel LLC increased its stake in shares of Kinder Morgan by 0.3% in the second quarter. Whitnell Com holds 0.02% of its portfolio in Kinder Morgan Inc (NYSE:KMI) for 2,894 shares. 4,759 are owned by Quantbot Tech Lp.


Most liked

Apple has delayed the release of their much-awaited HomePod speaker
With the delay, Apple will miss the chance to hook consumers with the speaker during the crucial holiday season. You better come up with another gift, because HomePod won't be released in time.

Trump halts Interior's elephant trophy decision
Earlier this week, it emerged that the Trump administration was lifting a ban on importing hunted elephant trophies. Where 5 million of the giant pachyderms once roamed African savannahs, there are now just 400,000 .

Lonzo Ball says he didn't want tech after evading scrum
They host the Denver Nuggets on Sunday and Chicago two nights later before playing at Sacramento the night before Thanksgiving. Here is all the information you will need to watch or listen to the game tonight between the Lakers and Suns.

British motorcycle racer Daniel Hegarty dies after Macau Grand Prix crash
Hegarty had raced motorcycles throughout a 17-year professional career including risky street races such as the classic in Macau. The 31-year-old British rider was taking part in his second Macao Motorcycle Grand Prix.

Tom Ridge in criticial condition following emergency heart procedure
He left the governorship after the terrorist attacks of September 11, 2001, to join the Bush administration. Aaron said that Ridge, 72, has been communicating with his physicians, but is in critical condition.

Capital World Investors Significantly Decreases Its Stake in Home Depot (HD)
Alpine Woods Capital Ltd Liability Company holds 0.1% or 38,500 shares in its portfolio. 88,000 are owned by Rwc Asset Mngmt Llp. The firm owned 655,684 shares of the home improvement retailer's stock after selling 113,690 shares during the quarter.

Jurgen Klopp opens up on his hospital visit
Liverpool won three matches in a row before the worldwide break, but they sit 12 points behind Premier League leaders Manchester City .

Hajin Gunfight: One IAF GARUD killed
Bandipora: A gunfight militants and government forces started in Chandergeera area of Hajin town in north Kashmir's Bandipora district on Saturday.

Gigi Hadid will not be walking in the Victorias Secret Fashion Show
And to think: All we wanted for Christmas was to see what Gigi Hadid will wear in the 2017 Victoria's Secret Fashion Show . It would seem that China has not forgotten what global supermodel Gigi Hadid did earlier this year - or so it would seem.

Federer fends off Zverev to reach semis — ATP Finals
He joins fellow debutants Grigor Dimitrov and Jack Sock in the last-four, in an unfamiliar look to the semi-finals. Federer could have been excused for stepping off the gas but the 19-times grand slam champion went up a gear.

Jaguar Land Rover tests driverless cars on public roads
It has been testing the fully self-driving cars on public roads in the USA state of Arizona. This means if one vehicle stops suddenly, its computers will alert the auto behind.

New Zealand 2 Fiji 4
New Zealand's points was kicked by Shaun Johnson in 45th minute but was not enough as the Bati were desperate in defence . Fiji now meet Australia in the semi final, while Kiwi boss David Kidwell is expected to resign or get the sack.

Wealthfront Decreased Intel (INTC) Stake; Trustmark (TRMK) Sentiment Is 0.95
Agf Invests Inc holds 0.19% or 491,921 shares in its portfolio. 438 are owned by Clarivest Asset Mgmt Limited Liability Corp. Orrstown Financial Services Inc. lifted its holdings in shares of Intel Corporation by 23.0% during the second quarter.

Katrina Kaif is Bollywood's No.1 Actress Here's The Proof!
The opening ceremony of the fourth edition of the Indian Super League (ISL) has begun at Jawaharlal Nehru Stadium in Kochi. The song has been shot in the Morocco and the locations are lovely and our stars are giving a compliment to the locations.

Tottenham's Toby Alderweireld set to be out until after Christmas
They are not close to the first team but it is a fantastic experience for them. Of course, we need to fight and try to win. He feels normal, he feels disappointed.