Imran Khan is known as “Phuddu Wazir e Azam” by Ishaq Dar.

Imran Khan is referred to as "Phuddu Wazir e Azam" by Ishaq Dar.

Pakistan’s new finance minister, Ishaq Dar, takes the oath of office

Dar, a chartered accountant by trade, was appointed to the position following the resignation of Miftah Ismail, his predecessor.

A day after being sworn in as a member of Pakistan’s parliament, Ishaq Dar took the oath necessary to become the country’s new finance minister.

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The veteran politician received his oath of office from President Arif Ali on Wednesday during a brief ceremony in the nation’s capital Islamabad.

Dar, who is 72 years old, has been given the portfolio four times. Additionally, it happens as Pakistan is still getting back on its feet after a series of devastating floods that killed more than 1,600 people and destroyed homes, crops, roads, and rail systems.

After taking the oath, Dar gave a speech outlining his priorities. “We’ll keep inflation in check. We’ll lower interest rates, he assured reporters.

Dar, a chartered accountant by trade, was appointed to the position following the resignation of Miftah Ismail, the fifth finance minister of Pakistan in roughly four years.

Ismail successfully obtained a $1.17 billion bailout package from the International Monetary Fund (IMF) during his six-month tenure as finance minister as Pakistan struggles with an economic crisis.

After five years of self-imposed exile in London due to accusations of corruption against him, Dar arrived back in Pakistan on Monday.

I’ll do everything I can to rescue Pakistan from the economic spiral it’s caught in. I believe we are moving in the right direction,” he told reporters on Monday night.

But because of Dar’s appointment, the opposition has criticized the government.

Dar has been referred to as Pakistan’s “biggest conman” by Imran Khan, the former prime minister and leader of the Pakistan Tehreek-e-Insaf (PTI) party, who was speaking at a gathering in Lahore on Monday.

Deals are struck with crooks. NROs are given to them (amnesty against corruption). That is why theft continues, the nation does not advance, and money laundering continues, Khan said in a speech to students at a Lahore university.

The following day, Khan claimed that a “absconder” had been given control of Pakistan’s treasury in another speech in Peshawar.

Phuddu Wazir e Azam, as Imran Khan is referred to by Ishaq Dar

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