Pakistan finance minister resigns

"He's the government's top nominee for the prime minister in the caretaker government," said one of the officials.

Pakistan finance minister resigns

World Bulletin / News Desk

Pakistani Finance Minister Abdul Hafeez Shaikh resigned on Tuesday, two officials said, amid speculation that he may lead a caretaker government that must be set up before national elections scheduled for this spring.

Pakistani law stipulates that the cabinet must step down and a caretaker government be in place for 90 days before an election. The date for the election has not yet been set.

"He's the government's top nominee for the prime minister in the caretaker government," said one of the officials.

The opposition leader and ruling party must agree on a list of officials to head the caretaker government.

But the opposition may object to Shaikh's appointment because he is seen as being too close to the military and served as privatisation and investment minister under Pervez Musharraf.

Shaikh will be replaced by the state minister for finance, Saleem Mandviwalla, said one official in the finance ministry and another high-ranking government official.

Shaikh, who holds a PhD in economics, taught at Harvard University and worked at the World Bank for several years, advising 21 countries, including a stint as World Bank country head in Saudi Arabia.

Last Mod: 19 Şubat 2013, 16:19
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