ISLAMABAD: Prime Minister Imran Khan on Thursday appointed Abdul Hafeez Sheikh as his advisor on Finance.
Sheikh is replacing Asad Umar who resigned earlier in the day. Thursday’s major reshuffle in the federal cabinet was primarily triggered by the present government poor performance on the economic front.
The new man chosen by Imran Khan to fix the economy is not a novice, rather an experienced technocrat and close aide of former military ruler General Musharraf.
In 2000-2002, he was the minister of finance, planning and development of Sindh.
He was then appointed as the minister for privatisation and investment in the Pervez Musharraf administration.
During his tenure as a federal minister, Dr Shaikh completed 34 sale transactions worth Rs300 billion in banking, telecom, electricity and manufacturing.
He also served as the finance minister from 2010 to 2013 during the PPP government’s rule.
Dr Abdul Hafeez Shaikh is an internationally renowned economist with more than 30 years of experience in economic policymaking, management and implementation.
Dr Shaikh has undergraduate and postgraduate degrees in economics from Boston University.
He had worked at Harvard University and World Bank, where he was country head for Saudi Arabia and as a Senior Official advised 21 countries in Asia, Africa, Europe and Latin America.