A day after the Board of Investment (BoI) chairman’s tendered his resignation, Mohammad Younus Dagha was removed from the post of secretary finance on Thursday (May 23), and the government has appointed Naveed Kamran Baloch as the federal finance secretary.
A separate notification announced the transfer of Naveed Kamran Baloch, who was posted as cabinet division secretary, to the role of finance secretary.
On Thursday, it was reported that Dagha had developed differences with Adviser to Prime Minister on Finance Hafeez Shaikh over the negotiations with the International Monetary Fund (IMF). “Dagha felt that the adviser had negotiated a bad deal for Pakistan,” an English daily said, adding that the differences emerged before the IMF deal was finalized.
The economic experts have shown concerns over Dagha’s removal as part of a bureaucratic reshuffle mere weeks before the presentation of the federal budget. A notification issued in this regard instructed Dagha to report to the Establishment Division with “immediate effect”.
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