The federal government has decided to appoint Waqar Masood as Special Assistant to the Prime Minister for Finance.
Sources told ProPakistani that the current SAPM for Finance, Tariq Bajwa, has reportedly failed to deliver, particularly in resolving the impasse with the International Monetary Fund (IMF) that has led to Pakistan’s foreign exchange depreciating. Reserves fell to historically low levels.
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Sources say that Waqar Masood has worked with the Finance Minister and in the past was also part of the teams that discussed the deal with the IMF. Meanwhile, the existing SAPM on revenue will be given the portfolio of Economic Affairs Division.
It should be noted that Ishaq Dar has selected all close associates in his economic team and does not trust anyone else.
Recently, he appointed Akif Saeed as the chairman of the Securities and Exchange Commission of Pakistan (SECP), a blue-eyed friend of former SECP chairman Zafar Hijazi.
