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.