Miftah steps down, Ishaq Dar to replace him as finance minister

Miftah Ismail resigns, Ishaq Dar to be next finance minister

Miftah Ismail has resigned as Federal Finance Minister and handed over his resignation to Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif in London.

Ismail submitted his resignation during a top PML-N huddle headed by Nawaz Sharif and attended by PM Shehbaz Sharif, Ishaq Dar, Ahad Cheema and others.

“You have trusted me for this job and I tried with my best capabilities to serve the nation,” Ismail was quoted as saying during the meeting.


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“In a meeting with Mian Nawaz Sharif and PM Shehbaz Sharif today, I have verbally resigned as Finance Minister. I will tender a formal resignation upon reaching Pakistan. It’s been an honour to serve twice as Finance Minister. Pakistan Paindabad,” he wrote on Twitter.

Nawaz Sharif lauded his efforts for taking responsibility in the toughest of times as the meeting agreed that the incumbent government had to bear the brunt of economic turmoil created by the previous ruler.

Senior PML-N leader and former finance minister Ishaq Dar would replace Ismail as Pakistan’s new financial head. Dar’s nomination was put forth by Prime Minister Shehbaz Sharif and former prime minister Nawaz Sharif in a meeting, held under the chair of the PML-N supremo.

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