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Ishaq Dar is the new foreign minister of Pakistan

Logan D Suza

Pakistan Muslim League-Nawaz (PMLN) senior leader Ishaq Dar has been sworn in as Pakistan’s new foreign minister.

Pakistan Muslim League-Nawaz (PMLN) senior leader Ishaq Dar has been sworn in as Pakistan’s new foreign minister. He and 19 members of the Union Cabinet took oath at the President’s residence in the capital Islamabad on Monday.

Ishaq Dar, 73, was earlier the finance minister in the coalition government led by Prime Minister Shehbaz Sharif. He is a close relative of former PMLN chairman Nawaz Sharif. Pakistan has been reeling from the economic crisis that it received an emergency loan from the International Monetary Fund (IMF) in 2023 after a long struggle, mainly under the leadership of Issac, which has not yet resolved.

Isak Dar has also given rise to widespread criticism in dealing with the financial crisis. The steps taken by Ishaq Dar, who has been the finance minister of Pakistan for four times in his political career, have increased the suffering of the people instead of reducing it.

Isak was the Finance Minister of the coalition government led by Shehbaz Sharif for a total of 17 months from April 2022 to August 2023, following a no-confidence vote by former Prime Minister Imran Khan. It was during his tenure that for the first time the bank interest rate in Pakistan was increased from 22 percent to 38 percent. Besides, the subsidy on fuel oil was also withdrawn at this time. As a result, the pressure on the common people at that time increased at a great rate.

Dar, however, has also cleared it at various times. He said, the government had to take these steps as per the instructions of the IMF. If not taken, the flow of credit would also have stopped. He also blamed the eccentric policies of the former Prime Minister Imran Khan-led government for the country’s current economic crisis.

The new office that Ishaq Dar has taken charge of is also very important in the current reality of Pakistan. Because of the economic crisis, the main challenges facing the Pak Foreign Minister are now two- a) to maintain alliance and partnership with ‘true friend’ China and Middle East Gulf countries and b) to maintain balanced relations with two hostile neighbors India and Afghanistan.

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