Pakistan's Finance Minister Dr Abdul Hafeez Shaikh resigned from his post ahead of few days to complition of cabinet tensure, media reports.
His resignation came amid when Pakistani economy is facing serious problems and US Dollar gone up to 100 rupees.
He has been replaced by his Dupity Saleem Mandviwalla on Tuesday. The move followed media reports that speculated about Shaikh’s resignation.
Mr. Shaikh was appointed as Finance Adviser to the then Prime Minister Yousaf Raza Gilani in 2010 and was later made Finance Minister.
In recent months, his handling of the economy had been questioned in the wake of Pakistan’s depleting foreign exchange reserves and the depreciating value of the national currency against the US dollar.
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