Finance Minister Shaukat Tarin has been appointed the adviser to the Prime Minister on finance.
A notification issued on Monday read that Tarin’s status will be equivalent to that of a federal minister.
As his six-month tenure as the financial adviser expired on Friday, the government decided to appoint Tarin as an adviser to the PM on finance.
The finance minister was supposed to get elected as a senator — a prerequisite to continue as finance minister — as the six-month time limit to elect him as a member of parliament expired on Friday.
Prime Minister Imran Khan had appointed Tarin as the finance minister in a federal cabinet reshuffle, replacing Hammad Azhar — only a few weeks after he was given the portfolio.
As the finance minister’s six-month term ended, as per law, Tarin will not be able to chair the Economic Coordination Committee (ECC) and other cabinet committees.
Once Tarin has been elected as a senator, he will get his finance ministry portfolio back, sources added.
