Ishaq Dar

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Ishaq Dar bigraphy, stories - Ministers

Ishaq Dar : biography

13 May 1950 –

Senator Mohammad Ishaq Dar (Urdu: محمد اسحاق ڈار); is a chartered accountant & a leading financial-cum-economic expert who is serving his country as the Federal Finance Minister of Pakistan. http://www.finance.gov.pk/ Dar Appointed Pakistan’s Finance Minister as Growth Falters, http://www.bloomberg.com/news/2013-06-08/dar-appointed-pakistan-s-finance-minister-as-growth-falters.html Bloomberg, 8th June 2013 Sharif Plans to Appoint Ishaq Dar Pakistan Finance Minister, http://www.bloomberg.com/news/2013-05-13/sharif-to-appoint-dar-pakistan-finance-minister-ahead-of-budget.html Bloomberg, 14 May 2013 Ishaq Dar to become Finance Minister, http://dawn.com/2013/05/13/ishaq-dar-to-become-finanace-minister-pml-n-spokesperson/Dawn News, 13 May 2013 Nawaz Sharif picks finance minister as stocks hit high , http://www.khaleejtimes.com/kt-article-display-1.asp?xfile=data/paknews/2013/May/paknews_May45.xml&section=paknewsKhaleej Times, 14 May 2013 Senator Dar in addition to serving his country as Federal Minister for Finance, Commerce & Industries numerous times in the past has also served as the Leader of the Opposition, in the Senate of Pakistan.

After once again getting elected unopposed in the 2012 Senate elections, Dar was nominated and appointed as the Leader of the Opposition in the Senate of Pakistan on 14 March 2012.Dar Appointed as the Opposition Leader, http://www.thenews.com.pk/article-39858-Dar-appointed-Senate-opposition-leader The News Pakistan, 14 December 2012 He is PMLN’s current Parliamentary leader to the Senate of Pakistan.Being made the Finance Minister for the first time in November 1998, he negotiated an IMF rescue package to meet an economic crisis triggered by sanctions over nuclear tests in May that year. The head of a state-run bank later proclaimed that "Whether you call it voodoo economics or Darnomics, he has moved things"Mohammad Ishaq Dar, http://www.pakistanherald.com/Profile/Muhammad-Ishaq-Dar-214 The Pakistan Herald,referring Darnomics as the unique working of Ishaq Dar when he refused to accept a devaluation or a rise in utility charges or tax rates.

His tenure was unfortunately cut short by General Pervez Musharraf, then-Chairman Joint Chiefs of Staff Committee.Senator Dar’s economic policy achievement in the Sharif government was export-led growth as a cornerstone of economic strategy. Dar was once again called upon to rescue the nose-diving economy of Pakistan in the PPP-led coalition government in 2008 but due to political differences Dar and all other PMLN ministers resigned just after 6 months into the government. Senator Dar is also related to Prime Minister Sharif; Sharif’s daughter is married to Mr. Dar’s elder Son Ali.

Judicial Issues

PML-N was reluctant in joining the cabinet due to their differences on the judiciary issue in 2008. PPP however convinced PML-N to join the cabinet specially desiring Ishaq Dar’s expertise in the Finance ministry.The highly renowned chartered accountant seemed to be the only hope for Pakistan’s nose-diving economy.Unfortunately PML-N ministers including Ishaq Dar later resigned from the cabinet due to non-restoration of judges by PPP which was agreed as a condition of PMLN to join the government. After the resignation of PML-N Federal Ministers, PPP tried their best to convince PML-N to join hands again but the differences had grown too much.

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Category:1950 births Category:Finance Ministers of Pakistan Category:Living people Category:Kashmiri people Category:Nawaz Sharif administration Category:Pakistan Muslim League (N) politicians Category:Pakistani accountants Category:Pakistani financiers Category:Pakistani Muslims Category:Pakistani politicians

Past Ministerial Career

2012 – Leader of Opposition in the Senate of Pakistan

PMLN decided to sit on opposition benches after their ministers resigned just 6 weeks into the newly formed PPP-led coalition government of 2008. Senator Dar was elected as the Leader of the Opposition in the Upper House (Senate) of Pakistan in March of 2012.Ishaq Dar made opposition leader in Senate, http://dawn.com/2012/03/14/ishaq-dar-made-opposition-leader-in-senate/ Dawn News, 14 March 2012 Dar continued at his position till May 2013 when his party won the general elections of 2013.