6-month tenure of Tarin as finance minister ends today

By: 24 News      Published: 05:11 PM, 17 Oct, 2021
Shaukat Tarin
Shaukat Tarin (File photo).

The portfolio of finance minister fell vacant on Saturday as Shaukat Tarin completed his six months tenure which saw an unprecedented price surge of almost every commodity, reported 24NewsHD TV channel. 

During the first half of the current fiscal year, the prices of daily use items which have hiked tremendously included: the price of 20-kg flour sack surged by Rs210.5; sugar by Rs3.23 per kg, ghee by Rs45.73 per kg, mutton by Rs101.7 per kg, beef by Rs62.2 per kg, onion by Rs16.27 per kg, tomato by Rs11.38 per kg, potato by Rs102.54 per kg, milk by Rs4.55 per litre, yogurt by Rs5.19 per kg, dal masoor by Rs25.74 per kg and broiler chicken by Rs7.32 per kg.

It is pertinent to mention here that Prime Minister Imran Khan had removed former finance minister Abdul Hafeez Sheikh when he failed to control the inflation and the premier tasked Shaukat Tarin to contain inflation. 

Reportedly, the government has been unable to elect Shaukat Tarin as a member of the Parliament within the stipulated time frame of six months.

As per reports, the federal government is likely to appoint Tarin as adviser to Prime Minister on Finance and Revenue.