Pakistan PM Khan appoints new finance ministry chief in major reshuffle

ISLAMABAD - Pakistani Prime Minister Imran Khan made a sweeping cabinet reshuffle on Thursday after only seven months in power and appointed Abdul Hafeez Shaikh as de facto finance minister to steer the country through worsening economic turmoil.

Khan’s government inherited a wobbly economy but the former cricketer has come under intense criticism for failing to fulfill his promises that he would steady the ship and bring prosperity to Pakistan. In Pakistan it is common for financial experts to be given the title of “adviser”, rather than federal minister, to head the finance ministry when they are not a sitting member of parliament.

“The next budget will be a difficult one,” he added, referring to annual spending plans for the financial year ending June 2020 due to announced in May. Shaikh, a U.S-educated economist who worked at Harvard University, also spent many years working for the World Bank and had also been the privatization minister during the government of former military dictator General Pervez Musharraf.

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