Ever wondered about Ishaq Dar Net Worth, Current Age & Personal Life in 2023?
Ishaq Dar is a Pakistani Politician, Former Minister Of Pakistan. He is well-known in Pakistan because of being a Politician, Former Minister Of Pakistan. Let us take a quick glance at his professional life then we will check his net worth.
|Profession||Politician, Former Minister Of Pakistan|
Born on May 13, 1950 in Pakistan, He isn’t famous only because of being a Politician, Former Minister Of Pakistan but also because, Muhammad Ishaq Dar is a Pakistani accountant and former politician who served as the Finance Minister of Pakistan. He is a member of Senate of Pakistan and is currently based in the United Kingdom. Previously, he had been a Member of the Senate of Pakistan from 2003 to 2018.
Let us Take a Quick Glance at his Net Worth in 2023
Ishaq Dar Net Worth 2023 in Dollars & Pakistani Rupees
At the age of 71, Ishaq Dar Net Worth in 2023 is 600.0M. Following is the approximation of his net worth over multiple years.
- Net Worth in 2023: $600000000
- Net Worth in 2021: $480000000
- Net Worth in 2020: $384000000
- Net Worth in 2019: $307200000
Please note that all these values are in Dollars, If you want to estimate them in Pakistani Rupees, Simply multiply them by the current dollar rate. His Zodiac Star Sign is Taurus which makes him a unique Politician, Former Minister Of Pakistan among his other fellows.
Personal Life of Ishaq Dar Pakistani Politician, Former Minister Of Pakistan
The very first thing to mention about his personal life is his Wife, Marvi Memon. Both are married and have 2 kids. As Ishaq Dar current age is around 71, Do you expect that he will be having further kids?
If you’re looking for a politician who has a lot of experience, you may want to check out Muhammad Ishaq Dar, a politician from Pakistan. He’s an economist and former member of the National Assembly of Pakistan. And he is now the finance minister of the country.
Taking oath as finance minister of Pakistan
Ishaq Dar has been appointed as the new finance minister of Pakistan. In an oath taking ceremony on Tuesday, President Arif Alvi administered the oath of office to the PML-N senator. The ceremony was attended by the federal ministers and parliamentarians.
The PML-N had nominated Ishaq Dar for the finance ministry. Aside from being a former finance minister, he is also a member of the upper house of the parliament. He was nominated by PML-N supremo Nawaz Sharif on Sunday.
He has been a member of the Senate for the last four years from the province of Punjab. His appointment came after Miftah Ismail resigned as the federal minister of finance and revenue. During his tenure, the rupee was stable. But economic uncertainty has made it difficult for the government to handle the balance of payment crisis.
After taking oath, Ishaq Dar said that he is optimistic that he will be able to tackle the toughest challenges that Pakistan faces. However, he warned against speculation in the currency market and vowed to bring down interest rates.
Career as a businessman & investor
Ishaq Dar’s career as a businessman and investor has been nothing short of spectacular. With a portfolio worth several billion dollars, the former Finance Minister can be credited with creating a wealth of opportunities for Pakistanis. He has been a PML-N stalwart for years. In fact, he has been elected three times as a parliamentary leader in the upper house.
Not only has he amassed a vast empire of buildings, but he has also garnered a stellar reputation for his financial acumen. Indeed, he has invested in the likes of the Pakistan Investment Bonds (PIB), one of the most lucrative private equity issuances in the country.
Despite his illustrious track record, he has been targeted by the likes of Madhu Bhindari, an Indian billionaire real estate tycoon. After all, who could resist the lure of a deal where the prize includes 150 million dirhams? That’s a lot of cash, and it’s not as if Dar isn’t the best place to find it.
Close relations with Shehbaz Sharif & Nawaz Sharif
Ishaq Dar, who is a member of Pakistan’s Senate, has been nominated as the new Finance Minister. He is expected to take charge of the ministry on Wednesday. The government says that he is better placed to tackle the economic crisis.
On Tuesday, he will take oath as a senator. He will then go back to Pakistan to take charge as the finance minister. Miftah Ismail, the current finance minister, resigned on Sunday. After her resignation, Senator Ishaq Dar was nominated as the new finance minister.
In the meeting with the Saudi Arabian Ambassador, the Finance Minister informed him about the ongoing post-flood reconstruction programme. He also appreciated the support given by the Kingdom of Saudi Arabia in a variety of ways. This included the US$ 3 billion deposit by the Saudi Fund for Development in the SBP.
The finance minister and the ambassador discussed the economic and financial aspects of the bilateral relationship. They also expressed a desire to further strengthen the ties in various sectors.
Challenges he faces as finance minister
If you want to know how Ishaq Dar is handling his new role as Pakistan’s finance minister, you need to understand his background and how he will help address the challenges of the country’s economy. In fact, you need to consider his role as a powerful politician and his reputation as an economist.
The key challenge for Ishaq Dar is to bring the rupee to a stable value. This will help to curb the inflation crisis in the country. There are several factors that have contributed to the current inflation rate in Pakistan. Some of these include increasing food prices, the devastation of the floods and an overvalued rupee.
But it is important to remember that the challenges facing Ishaq Dar are not limited to the economy. He is also charged with managing political instability.
The key challenge for Ishaq is to stabilize the rupee, which has fallen dramatically. It has been under pressure due to irresponsible behavior by some forex dealers and panic buying by the public.