Islamabad (Web Desk): Former finance minister Shaukat Tarin on Friday announced to quit former ruling party Pakistan Tehreek-e-Insaf's (PTI) and politics.
While announcing resignation from the party and active politics, the former minister cited challenging financial circumstances and his deteriorating health. He also announced to resign from the Senate of Pakistan.
The former finance czar highlighted his contributions to the economic stability of the country during his tenure as finance minister.
Tareen pointed out that in 2008-10, under the Pakistan Peoples Party (PPP) government, he played a crucial role in averting an impending default and stabilising the economy.
Moreover, he claimed credit for achieving the “best economic performance in 17 years” during his time as finance minister in the PTI government.
Tarin reflected on his 27-year-long political career, stating that he tried to repay the country at "great personal costs" following in the footsteps of his father, a veteran of the Pakistan Movement.
Shaukat Tarin is the latest politician to part ways with the PTI. Over the past few months, a long list of politicians have quit the party after a nationwide crackdown was launched against it and hundreds of prominent leaders were arrested in reaction to the May 9 riots that broke out after Imran Khan's arrest.
The most notable names who quit the PTI in the aftermath of the May 9 violence have been Shireen Mazari, Asad Umar, Fawad Chaudhry, Pervez Khattak, Farrukh Habib and Usman Dar.