Asad Umar elected chairman of NA body on finance

Syed Naveed Qamar proposed his name for the chairmanship

ISLAMABAD (Dunya News) – Former finance minister and Pakistan Tehreek-e-Insaf (PTI) member national assembly Asad Umar on Monday has been chairman National Assembly’s Standing Committee on Finance.

Pakistan Peoples’ Party (PPP) leader Syed Naveed Qamar proposed his name for the chairmanship. Members of the committee felicitates Asad Umar on being elected chairman.

Speaking on the occasion, the PTI leader lauded former committee chairman Faizullah for performing his duties well, adding that the committee’s performed better in his chairmanship.

It is pertinent here to mention that Asad Umar has replaced Faizullah for committee chairmanship.

Earlier, former FM replaced Pakistan Tehreek-e-Insaf (PTI) member Syed Basit Ahmed Sultan as the new member of the committee because PTI had to withdrew one of the committee’s members to accommodate him and he also took the reins of chairmanship from PTI MAN Faiz Ullah.

Prime Minister Imran Khan met former Finance Minister and PTI stalwart Asad Umar on May 7 to ponder over the matters related to his return and offered him to re-join the federal cabinet.

Asad Umar decides to quit as finance minister

On April 19, the Pakistan Tehreek-e-Insaf (PTI) Member National Assembly (MNA) had decided to quit as the finance minister of Pakistan. The PTI leader held a press conference in Islamabad and told that he conducted a detailed meeting with Prime Minister Imran Khan after his proposal of reshuffling of the cabinet.

“I convinced the premier to allow me to step down from the cabinet,” he said. “I thank Imran Khan for inviting me to join PTI and to put his trust in me. My support will always be PTI which will make naya (new) Pakistan. “I have had an amazing journey in Pakistan Tehreek-e-Insaf since April 18, 2012 – the day I joined the party.

“I enjoyed a lot of success and faced difficult times as well. I specially thank PTI supporters and social media volunteers for their tremendous support. “Special gratitude goes to the people of NA-48 and NA-54 for electing me. “The economy of Pakistan – when I took charge – was in the most dangerous condition and we could have fallen into a pitfall if correct and bold decisions had not been made.

“The economic condition improved during my tenure and the figures verify the claim. “Although the new finance minister will assume the office in a relatively better position, still difficult decisions will have to be made. “The economy is going towards betterment but finance ministry is still the second most difficult job in Pakistan after the premiership. “The people should show patience and support tough decisions. Choices made in haste may drop the economy back into the pitfall.”

Earlier, the PTI leader took to Twitter and informed that Prime Minister Imran Khan asked him to take the energy minister portfolio instead of finance. Asad Umar continued that he has decided not to take any cabinet position after the premier’s consent. He said he strongly believes Imran Khan is the best hope for Pakistan.