Islamabad (Staff Report): Prime Minister Shahid Khaqan Abbasi has sacked Finance Minister Ishaq Dar from his post as chairman of the Economic Coordination Committee (ECC) of the cabinet.

According to a notification issued by the cabinet division on Friday, the newly elected PM will serve as the chairman of the ECC after Dar's removal. However, Dar will remain a member of the committee and will chair meetings of the ECC in case of Abbasi's absence.

Five ministries — railways, power, communications, statistics, water resources, and privatization — have also been added to the economic committee.

Dar's removal from the chairmanship of the ECC is one of the major decisions taken by Abbasi after being sworn in as prime minister on August 1.

On the other hand, the National Accountability Bureau (NAB) has been preparing a reference against Dar for possessing assets beyond his known sources of income in accordance with the Supreme Court's verdict.