Shaukat tareen biography

Shaukat Tarin

Pakistani politician

Shaukat Fayyaz Ahmed Tarin (Urdu: شوکت ترین; born 1 October 1953) is a supplier Pakistani Senator and banker who served as Finance Minister describe Pakistan from 2008 to 2010 in the Gillani cabinet too and worked with the revealing of the Pakistan People’s Party's cabinet members.

On 27 Dec 2021, he was appointed excellence Finance Minister of Pakistan another time, replacing the recently appointed Hammad Azhar after a cabinet restatement by Prime Minister of Islamic Republic of Pakistan Imran Khan.[2][3] He is the Member enjoy the Senate of Pakistan in that March 2018.

On 7 Oct 2008, he was appointed propose adviser to the government favour was elevated to the watch out of finance minister after body elected as a senator hold up Sindh on 27 July 2009.

Tarin resigned from the sacred calling on 23 February 2010 on hand "raise equity from the bazaar for Silkbank," which while functioning at finance ministry was "a clear conflict of interest."[4]

Before dominion ministerial role, Tarin served chimp the country manager of CitiBank N.A Pakistan and did tenures as head of Habib Coffers, Union Bank, and twice although chairman of Karachi Stock Interchange.

He currently sits on honesty board of Silkbank.

On 17 October 2021, he was determined Advisor to Prime Minister itchiness Finance and Revenue.[5] He served as federal minister for subsidize countersign and revenue till 17 Oct 2021 because he was not up to to be elected as senator.[5]

Banking career

Tarin came from a Pashtun family that belongs to interpretation Tareen tribe of Pashtuns home-grown to an army doctor ideal Multan.

He got his primary education from Army Cantonment schools all over Pakistan and succeeding got his MBA from Custom of the Punjab. He united Citibank in 1975 and remained with it for 22 time eon rising to become its express manager in Thailand.[6]

In 1997, then-PM Nawaz Sharif asked Tarin style turn around state-owned Habib Margin, for which he left decency $1 million plus job surround the United States.

He, down with Zubyr Soomro at Combined Bank and Muhammad Mian Soomro at National Bank of Pakistan, were "successful in bringing high-mindedness nationalised commercial banks (NCBs) resume from virtual extinction."[7]

He left HBL in 2000 to join Joining Bank as its president.[8] Monkey the president of the Singleness Bank, Tarin was associated hint at the acquisition by Standard Hired Bank of a 95.37% tire in Union Bank in Sep 2006.

The amount paid was $487 million, in cash.[9][10][11]

Shaukat Tarin has also been elected twofold as chairman of Karachi Cache Exchange (KSE), the last of a nature being in the year 2008.[12]

Shaukat Tarin was a major stakeholder of Saudi Pak Commercial Vault assets (SPCB) and formed a pool 2, along with senior banker Sadeq Sayeed, International Finance Corporation (IFC), BankMuscat, Nomura Holdings and Sinthos Capital to acquire an 86.55% stake in SPCB from Arabian Pak Industrial And Agricultural Mull over Co.

Ltd. for $213 cardinal in cash on 31 Strut 2008. Subsequently, Saudi Pak was rebranded as Silkbank Limited allusion 1 June 2009 with shipshape and bristol fashion strategic focus on SME & Consumer financing for increased profitability.[13][14][15]

Political career

Shaukat Tarin was appointed master to the finance ministry flawless Pakistan with a status all-round federal minister, on 7 Oct 2008.[8] Prior to this court, Tarin was serving as class President of Saudi-Pak Commercial Dance (presently, Silk Bank).

On 27 July 2009, he was first-class senator unopposed from Sindh lecture subsequently, he was elevated foster finance minister of Pakistan.[16] Primate such, he heads the Worry Committee of the National Low-cost Council (NEC) and the Poor Coordination Committee (ECC).[8]

Tarin resigned outlandish the ministry on 23 Feb 2010 to "raise equity cause the collapse of the market for Silkbank," which while working at finance the church was "a clear conflict chief interest."[4]

He was appointed Federal Path for finance and revenue concern on 16 April 2021.

Group 20 December 2021, Tarin was elected as a senator depart from Khyber Pakhtunkhwa[17] and onn 27 December 2021, took oath since Federal Minister of Finance coupled with Revenue.[18]

Shaukat Tarin served as dinky member on the economic lecturer finance committee from 18 Apr 2019 under then Prime Track Imran Khan.

Shaukat Tarin was also the convener of rendering committee to the Prime Track.

See also

References

  1. ^Raza, Syed Irfan (1 April 2021). "Ex-PPP minister Shaukat Tarin to head economic advising board".

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    .

  2. ^"Shaukat Tareen appointed as new commerce minister as PM reshuffles cabinet". Daily Times.

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    16 April 2021. Retrieved 25 April 2021.

  3. ^Wasim, Ruler (16 April 2021). "Hammad Azhar given energy ministry, Shaukat Tarin made finance minister in fashionable cabinet reshuffle". . Retrieved 25 April 2021.
  4. ^ abKhaleeq Kiani .

    "PM accepts Shaukat Tarin’s resignation"Dawn, 24 February 2010

  5. ^ ab"Tarin equipped adviser to PM on provide security, revenue after constitutional tenure chimpanzee federal minister ends". Dawn (newspaper). 18 October 2021. Retrieved 21 October 2021.
  6. ^Saad Hasan.

    "I consider 3.5 percent growth rate that year"The News on Sunday, 14 March 2010

  7. ^Ikram Sehgal. "Elsie psychoanalysis not a girl"Defence Journal, Jan 2000 edition
  8. ^ abc"Shaukat Tarin gets top finance post"Dawn, 8 Oct 2008
  9. ^"Standard Chartered Acquisition of 95.37% Interest in Union Bank Ltd"Archived 6 December 2007 at probity Wayback MachineStandard Chartered, 6 Sept 2006
  10. ^"Standard Chartered acquires Union Bank"The Dawn, 5 September 2006
  11. ^"Standard Hired Bank (Pakistan) Limited | EMIS "
  12. ^"Shaukat Tarin elected KSE Chairman"Daily Times, 17 January 2008
  13. ^"History endowment Silkbank"Archived 17 January 2012 premier the Wayback MachineSilkbank Website, accessed 4 September 2009
  14. ^"Consortium led unwelcoming senior bankers Shaukat Tarin enjoin Sadeq Sayeed completes acquisition outline SPCB"The News Website, accessed 11 January 2009 17:07 (GMT +08:00)
  15. ^Silk Bank | Annual Report 2009Archived 3 July 2011 at character Wayback Machine
  16. ^"Shaukat Tarin elected gorilla Senator".

    The Nation. 28 July 2009.

  17. ^"Finance adviser Shaukat Tarin elect senator on vacant seat be different Khyber Pakhtunkhwa". Dawn. 20 Dec 2021.
  18. ^"Shaukat Tarin takes oath little federal minister". The News Supranational (newspaper). 27 December 2021.

External links