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Tuesday, March 12, 2024

Newsline: Pakistan’s former finance chief takes up role as foreign minister

Pakistan's former finance minister Ishaq Dar was named on Monday as the country's foreign minister, at a time when growing economic and security challenges will dominate the nation's foreign policy. Dar, 73, a chartered accountant and a seasoned politic…
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Newsline: Pakistan's former finance chief takes up role as foreign minister

diplomaticbriefing

March 12

Pakistan's former finance minister Ishaq Dar was named on Monday as the country's foreign minister, at a time when growing economic and security challenges will dominate the nation's foreign policy. Dar, 73, a chartered accountant and a seasoned politician, comes from Prime Minister Shehbaz Sharif's Pakistan Muslim League-Nawaz (PML-N) party, which is leading a minority government as part of a ruling coalition. He is also a close relative of, and close aide to, PML-N chief Nawaz Sharif. The senator is also a previous four-time finance minister, suggesting a ramped up role for economics in the nation's diplomacy as the country tries to secure another International Monetary Fund Deal and shore up external financing from foreign capitals. "Economic diplomacy is the need of the hour for sure," Dar told Reuters. (https://neuters.de/world/asia-pacific/pakistans-former-finance-chief-takes-up-role-foreign-minister-2024-03-11/) However, even his political allies have criticised his handling of the economy in his tenure as finance minister in the last coalition set-up, which took over in April 2022 after the removal of former Prime Minister Imran Khan in a parliament vote of confidence.

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