Stock Market Suffers As Asad Umar Steps Down As Finance Minister
1 month ago
Thu 18th April 2019 | 03:17 PM
The KSE 100-index dropped by 320 points on Thursday following the news.
Islamabad (UrduPoint / Pakistan Point News – 18th April, 2019) The
Pakistan Stock Market has suffered a big blow after Asad Umar stepped down as finance minister.
media reports, the KSE 100-index dropped by 320 points on Thursday following the news.
The 100-index has plunged below 136,450 points.
Imran Khan has removed Asad Umar as Finance Minister in cabinet reshuffle.
Asad Umar made the announcement on
Asad Umar said that the
prime minister wanted him to take the portfolio of Energy Minister instead of Finance.
However, he refused to take any
"As part of a
cabinet reshuffle PM desired that I take the energy minister portfolio instead of finance.
However, I have obtained his consent to not take any
cabinet position. I strongly believe @ImranKhanPTI is the best hope for Pakistan and inshallah will make a naya pakistan," he wrote.
There have been reports that
Prime Minister Imran Khan is unhappy with the performance of Finance Minister Asad Umar and that he might remove him.
government and Asad Umar himself had previously denied such reports until today when he finally revealed that he has stepped down from the ministry.