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Abdul Hafeez Sheikh takes charge as finance adviser

Abdul Hafeez Sheikh takes charge as finance adviser

ISLAMABAD: Newly-appointed adviser on finance Dr Abdul Hafeez Sheikh took charge of his post on Saturday.

The finance adviser will also have the charge of Revenue and Economic Affairs Division. Sheikh’s designation will be at par with that of a federal minister.

Sheikh, a Pakistani political economist of international repute with over 30 years of experience, has served as the finance minister from 2010 to 2013.

In 2012, he became an active member of Pakistan People’s Party and successfully contested in the 2012 senate elections.

After leaving the government, Sheikh was general partner of an international investment company, headquartered in New York, which set up a $1.38 Billion fund for investments in Asia.

Dr Abdul Hafeez Shaikh is an internationally renowned economist with more than 30 years of experience in economic policymaking, management and implementation.

Dr Shaikh has undergraduate and postgraduate degrees in economics from Boston University. He had worked at Harvard University and World Bank, where he was country head for Saudi Arabia and as a Senior Official advised 21 countries in Asia, Africa, Europe and Latin America. He served as the finance minister from 2010 to 2013 during the PPP government’s rule.

During his tenure as federal minister, Dr Shaikh completed 34 sale transactions worth Rs300 billion in banking, telecom, electricity and manufacturing. In 2000-2002, he was minister of finance, planning and development of Sindh.

He was then appointed as the minister for privatisation and investment in the Pervez Musharraf administration.