National University of

Modern Languages
Presented to: Sir Rao Bakht Yawar
Presented by: Hashim Khan (L-21203)
 Ex –PPP Minster Shoukat
Tarin to Head Advisory
Board
Prime Minister Imran Khan may appoint Pakistan’s
former federal minister and renowned banker,
Shaukat Tareen,
Tarin who has attended the important meetings of PM Imran Khan’s
finance and economic team.
Has agreed to take up the role but has asked for “15-20 days’” time
to join.
 Tareen could work with Hammad Azhar who was given the
portfolio of finance ministry a day earlier in addition to serving as
the federal minister for industries and production — on technical
and policy matters, the sources added.It was recommended to
have Tareen contest the Senate election as well, the sources
added.
Sources in the government told Dawn that Prime Minister
Imran Khan was going to constitute a high-powered Economic
Advisory Council (EAC) that Mr Tarin would head. The council
would assist the government on economic issues, particularly
in taking important decisions, the sources added.
 Government had also offered Mr Tarin to join the federal
cabinet as special assistant or adviser to the PM, but he
linked his joining the federal cabinet with the decision on
an accountability reference that he has been facing for
nearly a decade.
Mr Tarin confirmed to Dawn that he was going to head
the Economic Advisory Council in next two to three
days. “I will be the convener of the council,” he said,
explaining that main duty of the council was to assist
the government on economic affairs.
 Mr Tarin claimed that he had been facing famous
Rental Power Project (RPPs) for past nine years
despite his opposition to the RPPs. The ex-minister
has been accused of approving RPP contracts in the
NAB case
 To the federal cabinet during the PPP regime, Mr Tarin was
able to secure an $11.2 billion bailout package from the
International Monetary Fund (IMF) when the country was on
the verge of default on repayment of foreign loans. Later in
2010 he resigned for he had to raise equity from the market
for his bank (Silk Bank). “I could not get the equity while
working as finance minister because of a clear conflict of
interests,” Mr Tarin had told Dawn soon after his meeting with
the then prime minister Yousuf Raza Gilani during which he
had submitted his resignation.
The National Accountability Bureau (NAB) on Wednesday filed a
petition in the Islamabad High Court on Wednesday seeking an
early disposal of NAB’s appeal against acquittal of former
finance minister Shaukat Tarin. In the Rental Power Projects
(RPPs) case.
 In January 2020 acquitted former prime minister Raja Pervaiz
Ashraf, former finance minister Shaukat Tarin, some former
bureaucrats and directors of a power holding company in the
Sahiwal Rental Power Projects case.
The accountability watchdog had filed the case in 2014 against
Mr Ashraf, Mr Tarin, former federal secretaries Ismail Qureshi
and Shahid Rafi, former managing director of the Pakistan
Electric Power Company (Pepco) Tahir Basharat Cheema and
directors of Pepco Razi Abbas, Wazir Ali Bhaio, Saleem Arif,
Abdul Qadeer Khan and Iqbal Ali Shah.
 The accused were charged with allegedly misusing Rs6.1
million, the amount paid as legal fees. Mr Tarin was one of
the accused in the case.
In 2009, the then opposition Pakistan Muslim League-Nawaz
filed the RPPs case in the Supreme Court.
The Supreme Court declared the RPPs as illegal and void ab
initio because of alleged wrongdoing in the award of RPPs’
contracts, including huge mobilization advance and expensive
upfront tariffs.
 The PPP government introduced RPPs to overcome the power
shortfall of 2,500MW.
 Reference of given article are below
 https://www.dawn.com/news/1617042
 https://www.dawn.com/news/1615694/ex-ppp-minister-shaukat-tari
n-to-head-economic-advisory-board
 https://www.thenews.com.pk/latest/812689-pm-imran-may-appoint-
pakistani-banker-shaukat-tareen-as-finance-aide-sources-say
THANK YOU