- Waqar Masood wants Pakistan to apply IMF conditions, Tarin disagrees.
- Tarin is in favor of negotiations with the IMF, considers the existing conditions too harsh.
- Masood says his recommendations on important issues are being ignored.
ISLAMABAD: SAPM on finance and income Dr Waqar Masood resigned on Tuesday due to growing differences with Finance Minister Shaukat Tarin, sources told Geo News.
The differences between the two have grown over the course of the International Monetary Fund (IMF) program, according to the sources.
While Masood wanted the government to implement the IMF conditions according to the moneylender’s program, the finance minister on the other hand was of the opinion that Pakistan would not be able to implement these. conditions.
Tarin, according to sources, is in favor of negotiations with the IMF to obtain easing from the lender.
Sources said Masood, dejected by the difference, believes his recommendations as a special income assistant are being ignored. He sent his resignation to the Prime Minister on Tuesday, and until accepted, will continue to work in an official capacity.
Tarin alleged that Masood did not take him in confidence on important financial matters.
So far neither have publicly spoken about the resignation.
Masood, a prominent economist and former finance secretary, was appointed Special Assistant for Revenue with Minister of State status by the Prime Minister in October last year.
Dr Masood holds a PhD in Economics and an MA in Political Economy from Boston University in Massachusetts, USA, and an MA in Economics and an LLB from the University of Karachi.
Masood has extensive experience in both the public and private sectors.
Prior to his appointment to this post, Dr Waqar Masood assisted the Ministry of Finance in various informal capacities and was subsequently appointed head of a high-level committee working to create a mechanism for targeted grants for different sectors of the economy. national economy.