ISLAMABAD: Federal government here on Friday night removed the Federal Board of Revenue (FBR) Chairman Dr Jahanzeb Khan from his post whereas the Governor State Bank of Pakistan (SBP) Tariq Bajwa tendered his resignation, sources told ARY News.

Sources say the fragile economic condition triggered the latest development.

It was learnt that Prime Minister Imran Khan was unhappy with the Governor State Bank due to continuous devaluation of rupee, and with Chairman FBR due to a stall in reforms process in the revenue board.

Sources privy to the matter told ARY News that the prime minister had also asked then finance minister Asad Umar to remove both the officials, but due to the minister’s own resignation, the matter got delayed.

Read More: Asad Umar steps down as finance minister

Asad Umar had announced on April 18 that he was stepping down from his post as finance minister.

In a statement on Twitter, Asad Umar had broke the news by saying, “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 PM Imran Khan is the best hope for Pakistan and Inshallah will make a Naya Pakistan,” the former minister had added.

This is a developing story and details will be added as they arrive.

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