Prime Minister Raja Pervez Ashraf is likely to replace the incumbent finance minister of the country Abdul Hafeez Sheikh with Minister of State for Investment Saleem Mandviwalla, media quoting sources reported on Tuesday.
According to reports, PM Ashraf on Tuesday met Abdul Hafeez Sheikh and Saleem Mandviwalla in separate meetings and informed them regarding the decision.
The sources further said that there were rumors regarding Hafeez Sheikh that he would be given key post in the interim setup of the country.
In 2010, Abdul Hafeez Shaikh was appointed as Finance Adviser by the then Prime minister Yousuf Raza Gilani but later upgraded to Minister.
Since then, he has been directing the economical and financial institutions of the country.
In 2012, he successfully contested in the Senate Elections.