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ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin chairing a meeting of the Economic Coordination Committee of the cabinet on Wednesday. PPI
ISLAMABAD: In his maiden meeting of the Economic Coordination Committee (ECC) of the cabinet, Finance Minister Shaukat Tarin deferred taking a decision on two crucial agenda items payments to independent power producers (IPPs) and how to go ahead with subsidy on LNG supplies to export industries.
Presiding over the ECC meeting, the newly inducted finance minister constituted two smaller groups on both subjects to have focused discussions.
A cabinet member said Mr Tarin appeared to have certain reservations over handling of the IPPs, but noted that the deals had already been finalised.
A strange choice
The writer served as executive editor of The Express Tribune from 2009 to 2014
You don’t replace your finance ministers at the drop of a hat, and that too at junctures you are least expected to be taking such a decision. Nobody in his/her remotest imagination had anticipated a change of guard at the ‘Q’ block right when PTI’s first finance minister Asad Umar had just returned home from Washington after having negotiated a three-year $6 billion Extended Fund Facility with the IMF. But that is exactly what had happened when Dr Hafeez Shaikh, former finance minister in the Zardari government was brought in to replace PTI’s poster boy, Umar. And now with the annual budget only a few weeks away the government, in what appeared to be a surprise move, replaced Dr Shaikh with, of all people, another former finance minister of the Zardari government, Shaukat Tarin, and that too seemingly without any sound political or economic rhyme or reason.
Daily Times
April 6, 2021
Executive Development Institute of National School of Public Policy held a two days’ workshop on Public Financial Management. Part of the mandate of EDI at National School of Public Policy (NSPP) is capacity building of leaders of both, public and private sector through workshops and training courses.
Rector NSPP, Mr. Azmat Ali Ranjha welcomed all participants from various institutions, while highlighting the importance of EDI in the field of providing a workable platform to the public and private sectors to collaborate and develop the way forward strategies and also work for ongoing professional development. He said that efficient management of expenditure and resources in an equitable way is the primary responsibility of the government. He emphasized the importance of Federal Board of Revenue (FBR) for tax collection and enforcement of financial laws, which is in need of reforms. He further explained the linkage between happiness and willingness of pe