Mohammad Ishaq DarEx Finance Minister of Pakistan and Minister for Economic Affairs and Statistics
Born: 13 May 1950
Profession: Politician, Economist
Affiliation(s): PML (N)

Senator Mohammad Ishaq Dar born 13th May, 1950 Lahore, Pakistan.

Education

B.Com (Hons) Hailey College of Commerce, University of Punjab, Lahore.
Distinction: Awarded two Gold Medals and a Roll of Honor for First position in the University of Punjab in B. Com (Hons).
Fellow Member (F.C.A) Institute of Chartered Accountants in England and Wales.
Fellow Member (F.C.A) Institute of Chartered Accountants of Pakistan.
Fellow Member (F.P.A) Institute of Public Finance Accountants of Pakistan.

Finance Minister of Pakistan and Minister for Economic Affairs and Statistics

Muhammad Ishaq Dar is the former Finance Minister of Pakistan and Minister for Economic Affairs and Statistics in the PM Yousaf Raza Gillani cabinet. He also served as the Commerce and Finance Minister in the Nawaz Sharif cabinet of 1997-1999. Ishaq Dar was assigned the finance ministry when Sartaj Aziz was posted as the Foreign Minister of Pakistan in 1998. Dar continued on the post till the Sharif government’s overthrow by the military coup of General Pervez Musharraf.

Parliamentary leader of PML-N Senate

Ishaq Dar is also a central leader of PML-N and the parliamentary leader of PML-N in the current Senate session of March 2006 to March 2012 . He was elected for the only time in the National Assembly in the 1997 general elections, when he won the NA-97 Lahore-VI general seat.

Economic policy achievement

Dars economic policy achievement in the Sharif government was export-led growth as a cornerstone of economic strategy. Being made the finance minister in November 1998, he negotiated an IMF rescue package to meet an economic crisis triggered by sanctions over nuclear tests in May that year. The head of a state-run bank later proclaimed that Whether you call it voodoo economics or Darnomics, he has moved things,referring Darnomics as the unique working of Ishaq Dar when he refused to accept a devaluation or a rise in utility charges or tax rates.

Finance Ministe 2008

He was slated to become the Finance Minister in the coalition government of PPP, PML-N, ANP and JUI-F formed after 2008 elections. Naveed Qamar, on the other hand, will be the new Minister for Privatization and Investment, with additional portfolio of Minister for Ports and Shipping.

PML-N ministers resigned

Unfortunately PML-N ministers including Ishaq Dar later resigned from the cabinet due to their differences with PPP on judiciary issue. Senator Dar is a member of number of standing committees and also chairs the Standing Committee on Industries and Production. Senator Dar is also the chairman of the University of Health Sciences, Punjab.

Serve as

Parliamentary Leader (PML-N) Senate of Pakistan
President, International Affairs, Pakistan Muslim League (N)
Former President Lahore Chamber of Commerce and Industry
Former Federal Minister for Finance Commerce, Industries, Investments, Production, Revenue and Economic Affairs
Former Director IMF, Asian Development Bank and Islamic Development Bank

Relation with Nawaz Sharif

Ishaq Dars elder son Ali Dar is married to Nawaz Sharif”s daughter.