Fawad Hasan Fawad replaces Dr Shamshad Akhtar as Privatization Minister
By News Desk
September 15, 2023 05:13 PM
In a surprising move, Caretaker Prime Minister Anwaarul Haq Kakar has reshuffled the federal cabinet and appointed Fawad Hasan Fawad as the new privatisation minister.
According to the 24News HD TV channel, Fawad Hasan Fawad, who was previously serving as a special assistant to the Prime Minister, took the oath of his new office on Friday.
The sources said Fawad will also become the head of the Cabinet's Inter-Governmental Commercial Transactions Committee, which was previously chaired by Finance Minister Dr Shamshad Akhtar.
Dr Shamshad Akhtar who is also a former governor of the State Bank of Pakistan will continue to serve as the Finance Minister in the federal government.
With this reshuffle, the size of the federal cabinet has increased to 26 members, including 18 federal ministers, 3 advisers and 5 special assistants.
The Cabinet Division has also issued a notification of Fawad Hasan Fawad's appointment as the privatization minister and administering the oath of office on Friday.
It is worth mentioning here that Caretaker PM Kakar held a special meeting yesterday and directed Fawad Hasan Fawad to expedite the privatization process of the Pakistan International Airline (PIA).
In the meeting, the PM extended a warm welcome to Fawad Hasan Fawad as his cabinet member and entrusted him with the task of overseeing the rapid privatization of PIA under the supervision of the Ministry of Privatization as soon as possible.