Waqar new Finance Secy

Political pundits are giving significant importance to new changes in the bureaucracy, linking this top-level reshuffle with forever adieu to PML-N by the majority ruling party.

Dr Waqar Masood is PhD in Economics from the United States and has experience to deal with the World Bank and International Monetary Fund with Shaukat Aziz, former Prime Minister of Pakistan.

The sources said Dr Waqar Masood, who at that time was Special Secretary to PM, had difference with the then government on non-passing of increase in energy prices in international prices to the consumers.

The last government's politically motivated decision not only resulted into huge borrowings from the State Bank to give subsidies but also brought in major shocks in form of double-digit percentage increase in prices of petrol and electricity by the present government.  

Dr Waqar's big challenge will be to bring essential reforms in economic policy framework and give a comprehensive strategy to deal the ongoing economic and financial crisis in place of existing adhoc measures.