Shokat Tareen Resigned?

Society Pakistan & World Affairs
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Geo Television Network

I guess this guy couldn’t keep up with the corruption of the ministers, i remember i once said that he will not allow rental power and few other projects to be apporved as they are NOT feasible… ( he is a technocrat) but our expert of water and electricity business RAJA Pervaiz Ashraf was of different view..

Now i don’t know which minister read expert of corruption has offended him and he (shoukat tareen) has to resign…

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Re: Shokat Tareen Resigned?

DAWN.COM | Pakistan | Finance Minister Shaukat Tarin resigns from post

Finance Minister Shaukat Tarin resigns from post

KARACHI: Pakistani Finance Minister Shaukat Tarin announced on Tuesday that he is resigning from his post but will continue to stay in office until the end of the month.

Earlier on Tuesday, government officials had stated that Tarin is stepping down to focus on his private banking interests.

“He said he needs to focus on his business and that he can’t do both things at the same time,” said a government official who declined to be identified. In March 2008, a consortium comprising the International Finance Corporation (IFC), Bank Muscat, Nomura and Sinthos Capital, led by Tarin and another Pakistani banker, Sadeq Saeed, bought an 86.55 per cent stake in Silk Bank for about $213 million.

The News newspaper said new investors in Tarin’s bank wanted him to step down and concentrate on the bank.“New investors in his Silk Bank had set preconditions that they will invest billions in the bank provided a seasoned banker like Tarin pays full-time attention,” the News said.Tarin’s resignation is not expected to destabilise the government but international donors will be keen to see a respected minister appointed in his place.

FRONT-RUNNERS

Another government official confirmed Tarin was resigning and said four candidates were in the run to replace him.

One was former central bank governor Ishrat Husain, another was Hafiz Pasha, an economist on a government panel, and a third was Arif Habib Investment Ltd chief executive Nasim Beg.
Minister for Planning and Development Makhdoom Shahabuddin was also in the running for the job, the second government official said.But another official with knowledge of developments said former State Bank of Pakistan governor Husain had declined the offer. “He was approached by the government but he has told them that he is not interested,” said the official, who also declined to be identified.

Tarin, asked by reporters this month about the possibility of his stepping down, said he had not resigned nor had he discussed stepping down with anyone.

But on Monday, Prime Minister Yusuf Raza Gilani was caught by media microphones telling a former finance minister, Ishaq Dar that Tarin would be leaving.

Tarin was appointed the prime minister’s top adviser on economic affairs in October 2008 and later sworn in as finance minister.

Tarn negotiated an IMF emergency loan package of $7.6 billion in November 2008 to avert a balance of payments crisis and shore up reserves.

The IMF increased the loan to $11.3 billion in July and the central bank received a fourth tranche of $1.2 billion on Dec 28, 2009.

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Tareen a gentleman himself, could not survive in the dirty world of Pakistan politics...

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If I recall it right, Tareen once on a news channel said that if he couldn't stop the corrouption and restructure/rationalize the institute in LOSS ( PIA & Railways) which are costing RS 250 Billion and if he couldn't stop the leakage at FBR which is around RS 500 Billion and on top of everything, the RENTAL POWER PROJECTS of Raja Pervaiz Ashraf.. he will resign...

I guess, the Corrupt govt didn't liked his suggestions and strategies..

There is one more minister Azam Swati, he is seems to be talented and sincere, let see how far he can go ( Is he from PPP or ANP?).. i don't think there is any other minister ( i don't know all of them as they are way to many) with good reputation

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Re: Shokat Tareen Resigned?

sources have revealed that the new Finance Minister would be Nasim Baig. He works for Arif Habib Bank, which is controlled by Hussain Lawai a Zardari henchman and more importantly (Nasim Baig) is also the brother in law of Anwer Majeed who is the main front man for the President . The two other names being circulated i.e. Ishrat Hussain and Hafeez Pasha are circulated for the benefit of the media so that the process of appointment seems kosher

So all of the sudden the chances of RENTAL POWER Projects shall be feasible and the report of Asian Development Bank shall be considered a conspiracy against the democratically elected govt and Zardari...

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Re: Shokat Tareen Resigned?

if i m not wrong Azam Swati is from JUI - fazal ur Rehman Faction.

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Re: Shokat Tareen Resigned?

Welcome to the PPP looting the country blind and those who are trying to help the country gets sidelined.

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If true and think it is true, then atleast it has taken me out of confusion, i was confused that how can a guy Like Azam Swati managed to become a Minister in presence of so many thugs and looters of PPP MNAs...

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Sometime i think about it and says to myself, y don't i marry one of Zardari's daughter... then it is too late, i am married, how about u... u shall have a bright future... with Bank A/Cs all over the world, with mornings in UAE and evenings in Paris in Hilton... and then you can have me as your adviser... think about it

and guess what, you don't even have to bother about thinking the names of your sons and daughter, they already have ZARDARI-Bhutto in their names, all you need to add your sir name to it... see the benefits

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Thats too much greediness. lol :smiley:

%between%

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As long as it is solving problems i think it is ok to be greedy, CM will get a wife and prospects are that someday he will become the president of Pakistan, i'll be his adviser and then.. you know... :D:D

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Hmmm....sell my soul to the devil.....I would do it if it weren't for the fact that my mother would beat the living day lights out of me for even bringing up the idea! :D

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Thori c maar nahi kha saktay....

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Re: Shokat Tareen Resigned?

Well if it is for the country why not? Anything for Pakistan. What ministry do you want? :D

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U know a single ministry may not solve the problem, i would like to have a portfolio of ministries under my belt

1) Ministry of Road Transportation ( i think you need to create it)
2) Ministry of Railways
3) Ministry of Air-Transportation and Aviation affairs ( Create it)
4) Ministry of Oil and gas
5) Ministry of Awarding Contracts ( create it)

and Last but not least, i after working for all those ministries, i would like you to give me the ministry of Films and Industry ( i do like to relax)

I am sure i am not asking for much, i have left many ministries open for others as well..

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Re: Shokat Tareen Resigned?

Hmmm....Done. I consider this part of my economic plan to generate employment in the following sectors:

  1. Government offices
  2. Construction
  3. And some other stuff I will think of later.

Do you also want the ministry for women affairs?

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If you have noticed, i have taken up ministries which is least discussed in media and also i have taken/asked for the minister of Film affairs, so why would i want that ministry around my neck.. you can have it

The main assignment of this ministry should be to look for rishtas of overseas pakistani girls in Pakistan