Shaukat Tarin's tenure as finance minister ends:
On Friday, the government had decided to appoint Tarin as an advisor to the PM on finance, as his six-month tenure as the financial advisor was expiring that day.
The finance minister was supposed to get elected as a senator — a prerequisite to continue as finance minister — as the six-month time limit to elect him as a member of Parliament expired on Friday.
Prime Minister Imran Khan had appointed Tarin as the finance minister in a federal cabinet reshuffle, replacing Hammad Azhar — only a few weeks after he was given the portfolio.
As the finance minister's six-month term ended, as per law, Tarin will not be able to chair the Economic Coordination Committee (ECC) and other cabinet committees.
Once Tarin has been elected as a senator, he will get his finance ministry portfolio back, sources added.
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