Hafeez Shaikh likely to be appointed as finance minister to present budget

3
1283
  • PTI had earlier criticised PML-N when Miftah Ismail presented the budget

Prime Minister Imran Khan is likely to appoint his adviser on finance Dr Hafeez Shaikh as the federal minister for finance as the latter is set to announce the annual budget for the fiscal year 2019-20 on Tuesday.

If Shaikh is appointed as a federal minister before the budget speech, the government would have to get him elected as a member of the National Assembly or a senator within six months to fulfil legal requirements.

The Pakistan Muslim League-Nawaz (PML-N) faced a similar situation in its tenure when it appointed Miftah Ismail as the federal finance minister for presenting the budget in the National Assembly.

The move had drawn criticism from the Pakistan Tehreek-e-Insaf (PTI), which criticised the PML-N “for setting a bad example by allowing a non-elected person to present the budget”.

“The only way out of this situation for the government is to appoint the adviser as federal minister through a presidential order under Article 91/92 of the Constitution,” informed sources said.

“With the cabinet’s approval, the president can appoint the finance minister for six months, subject to the election of the minister. The government can also make him a senator during the same period. Another option to resolve the issue could also be the appointment of a state minister of finance,” they added.

It is pertinent to mention that the previous government had also used Article 92(1) read with 91(9) of the Constitution to promote an adviser to the level of a minister. Under the article, a minister, who, for any period of six consecutive months, is not a member of the National Assembly, shall, at the expiration of that period, cease to be a minister and shall not before the dissolution of that assembly be again appointed a minister unless he is elected a member of that assembly.

Hafeez Shaikh, being an adviser, was also unable to head the meeting of the National Finance Commission (NFC).

3 COMMENTS

  1. I have a good suggestion for PM Imran khan regd. quick revenue collection. All over Pakistan Air Conditioners have become a necessity rather than a luxuary. There are tens of thousands of AC installed in houses, offices, commercial places etc. of varying capacities from 1 ton to 2.5 tons to centralized air conditioning. .During peak summer season people are paying K E Bill’s worth thousands of rupees because they can afford not for luxuary but to avail optimum working efficiency. If you pass an order to impose Rs 1500.00 on half to 1ton and 1.5 to 2 tons at Rs.2500.00 per year and similarly on higher capacity you put higher rates. This will not entail any additional expenses, and you can engage literate youth who are jobless to help province wise electricity suppliers to make one additional charge after TVL fees A.C.Cess which depending on ACA installed in each premises just calculate the total unit multiplied by the rate and ask K Electric to collect this amount on account of federal govt. from the very next month the govt. will have cash revenue worth the total cost of 3 Mohammad Dams.in one year.The consumer will not shut instead they would happily pay this one time charge per year And every year the govt will generate unbelievable amount without any extra effort. If this scheme works well you may consider lowering the power tariff marginally and have the win win position.

  2. I have a good suggestion for PM Imran khan regd. quick revenue collection. All over Pakistan Air Conditioners have become a necessity rather than a luxuary. There are tens of thousands of AC installed in houses, offices, commercial places etc. of varying capacities from 1 ton to 2.5 tons to centralized air conditioning. .During peak summer season people are paying K E Bill’s worth thousands of rupees because they can afford not for luxuary but to avail optimum working efficiency. If you pass an order to impose Rs 1500.00 on half to 1ton and 1.5 to 2 tons at Rs.2500.00 per year and similarly on higher capacity you put higher rates. This will not entail any additional expenses, and you can engage literate youth who are jobless to help province wise electricity suppliers to make one additional charge after TVL fees A.C.Cess which depending on ACA installed in each premises just calculate the total unit multiplied by the rate and ask K Electric to collect this amount on account of federal govt. from the very next month the govt. will have cash revenue worth the total cost of 3 Mohammad Dams.in one year.The consumer will not shut instead they would happily pay this one time charge per year And every year the govt will generate unbelievable amount without any extra effort. If this scheme works well you may consider lowering the power tariff marginally and have the win win position.This my second time the repeated attempts to get to the pm

  3. I have a good suggestion for PM Imran khan regd. quick revenue collection. All over Pakistan Air Conditioners have become a necessity rather than a luxuary. There are tens of thousands of AC installed in houses, offices, commercial places etc. of varying capacities from 1 ton to 2.5 tons to centralized air conditioning. .During peak summer season people are paying K E Bill’s worth thousands of rupees because they can afford not for luxuary but to avail optimum working efficiency. If you pass an order to impose Rs 1500.00 on half to 1ton and 1.5 to 2 tons at Rs.2500.00 per year and similarly on higher capacity you put higher rates. This will not entail any additional expenses, and you can engage literate youth who are jobless to help province wise electricity suppliers to make one additional charge after TVL fees A.C.Cess which depending on ACA installed in each premises just calculate the total unit multiplied by the rate and ask K Electric to collect this amount on account of federal govt. from the very next month the govt. will have cash revenue worth the total cost of 3 Mohammad Dams.in one year.The consumer will not shut instead they would happily pay this one time charge per year And every year the govt will generate unbelievable amount without any extra effort. If this scheme works well you may consider lowering the power tariff marginally and have the win win position.This my second time the repeated attempts to get to the pmKindly repost this comment so that it may be taken serious note and considered if found to be viable

LEAVE A REPLY

Please enter your comment!
Please enter your name here