https://en.bharatpedia.org/w/api.php?action=feedcontributions&feedformat=atom&user=103.167.159.230Bharatpedia - User contributions [en]2026-08-03T12:01:14ZUser contributionsMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Ishaq_Dar&diff=285143Ishaq Dar2021-09-23T11:52:32Z<p>103.167.159.230: </p>
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<div>{{Short description|Pakistani politician (born 1950)}}<br />
{{Good article}}<br />
{{Use dmy dates|date=October 2020}}<br />
{{Infobox officeholder<br />
|honorific-prefix = <br />
|name = Ishaq Dar<br />
|image = Ishaq Dar 1.jpg<br />
|office = [[Finance Minister of Pakistan|Federal Minister for Finance]]<br />
|primeminister = [[Shahid Khaqan Abbasi]]<br />
|president = [[Mamnoon Hussain]]<br />
|term_start = 4 August 2017<br />
|term_end = 22 November 2017 <br />
| predecessor = Himself<br />
|successor = [[Miftah Ismail]] (as adviser to the prime minister on finance)<br />
|primeminister1 = [[Nawaz Sharif]]<br />
|president1 = [[Mamnoon Hussain]]<br />
|term_start1 = 7 June 2013<br />
|term_end1 = 28 July 2017<br />
|predecessor1 = [[Saleem Mandviwalla]]<br/>[[Mir Hazar Khan Khoso]] {{small|(Acting)}}<br />
|successor1 = Himself<br />
|primeminister2 = [[Yousaf Raza Gillani]]<br />
|president2 = [[Pervez Musharraf]]<br />
|term_start2 = 31 March 2008<br />
|term_end2 = 13 May 2008<br />
|predecessor2 = [[Salman Shah]]<br />
|successor2 = [[Naveed Qamar]]<br />
|primeminister3 = [[Nawaz Sharif]]<br />
|president3 = [[Wasim Sajjad]] {{small|(Acting)}}<br/> [[Muhammad Rafiq Tarar]]<br />
|term_start3 = 7 November 1998<br />
|term_end3 = 12 October 1999<br />
|predecessor3 = [[Sartaj Aziz]]<br />
|successor3 = [[Shaukat Aziz]]<br />
|office4 = [[Leader of the Opposition (Pakistan)|Leader of the Opposition in the Senate]]<br />
|primeminister4 = [[Yousaf Raza Gillani]] <br/>[[Raja Pervaiz Ashraf]]<br/> [[Mir Hazar Khan Khoso]] {{small|(Caretaker)}} <br />
|president4 = [[Asif Ali Zardari]]<br />
|term_start4 = 14 March 2012<br />
|term_end4 = 4 June 2013<br />
|predecessor4 = [[Abdul Ghafoor Haideri]]<br />
|successor4 = [[Aitzaz Ahsan]]<br />
|office5 = [[Ministry of Commerce and Textile Industry|Federal Minister for Commerce]] <br />
|primeminister5 = [[Nawaz Sharif]]<br />
|president5 = [[Farooq Leghari]] <br/>[[Wasim Sajjad]] {{small|(Acting)}}<br/> [[Muhammad Rafiq Tarar]]<br />
|term_start5 = 25 December 1997 <br />
|term_end5 = 12 October 1999<br />
|predecessor5 = [[Ahmad Mukhtar]]<br />
|successor5 = [[Abdul Razak Dawood]]<br />
|office6 = Federal Minister for Industries and Investment <br />
|primeminister6 = [[Nawaz Sharif]]<br />
|president6 = [[Farooq Leghari]]<br />
|term_start6 = 25 February 1997<br />
|term_end6 = 11 July 1997<br />
|predecessor6 = Sadiq N. K. Awan<br />
|successor6 = [[Khalid Maqbool Siddiqui]]<br />
|birth_date = {{birth year and age|1950}}<br />
|party = [[Pakistan Muslim League (N)]]<br />
|spouse = Tabassum Ishaq<ref>{{cite news |last1=Reporter |first1=The Newspaper's Staff |title=Govt seeks cancellation of Ishaq Dar's diplomatic passport |url=https://www.dawn.com/news/1432004/govt-seeks-cancellation-of-ishaq-dars-diplomatic-passport |access-date=10 September 2018 |work=DAWN.COM |date=10 September 2018}}</ref><br />
|education = [[Hailey College of Commerce]] (B.Com.) <br />
|signature = Ishaq Dar signature.png<br />
|awards = [[Nishan-e-Imtiaz]]<br />
}}<br />
<br />
'''Muhammad Ishaq Dar''' ({{lang-ur|{{Nastaliq|محمد اسحاق ڈار}}}}; born {{circa|1950}}) 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. He is a former Minister for Industries and Investment, [[Ministry of Commerce and Textile Industry|Minister for Commerce]] and four-time [[Finance Minister of Pakistan|Minister for Finance]] of Pakistan.<br />
<br />
Born in 1950 and grew up in [[Lahore]], Dar was educated at the [[Hailey College of Commerce]], [[Government College University (Lahore)|Government College University]], later attending the [[Institute of Chartered Accountants in England and Wales]]. Prior to entering politics, he worked as a professional chartered accountant in various private and public sector organizations.<br />
<br />
Dar started his political career in early 1980s and since then he has been elected to the [[National Assembly of Pakistan]] twice for Lahore and to the Senate thrice. He hold his first public office as the Chairman of [[Pakistan Board of Investment]] for a year during the [[First Sharif ministry|first government]] of Nawaz Sharif. After the PML-N victory in the [[Pakistani general election, 1997|1997 general election]], he held the cabinet portfolios of [[Ministry of Commerce and Textile Industry|Minister for Commerce]], Minister for Industries and Investment and Minister for Finance, until the [[1999 Pakistani coup d'état|1999 coup]]. He remained in jail for two years over corruption charges.<br />
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In 2003, he made his debut in the Senate where he would later become Leader of the Opposition from 2012 to 2013. After the formation of a coalition government following the [[Pakistani general election, 2008|2008 general election]], he briefly re-appointed as the Finance Minister for the second time under Prime Minister [[Yousaf Raza Gillani]]. In 2013, during the [[third Sharif ministry|third government]] of Nawaz Sharif, Dar was re-appointed as the Minister for Finance for the third time where he served until the dissolution of the cabinet following the sackness of Prime Minister Nawaz Sharif in July 2017 on corruption charges by Supreme Court . In August 2017, he was inducted into the cabinet of Prime Minister [[Shahid Khaqan Abbasi]] and was re-appointed as Minister for Finance for the fourth time – a post he retained until November 2017 when he voluntarily stepped down amid a corruption case against him. In March 2018, he was re-elected to the Senate.<br />
<br />
==Early life and education==<br />
Muhammad Ishaq Dar was born in 1950.<ref name="dawn/25april2013" /> He has a bachelor's degree in commerce from the Hailey College of Commerce of the [[University of the Punjab]] in Lahore,<ref name="bloomberg1" /> which he attended from 1966 to 1969. He then attended Government College University in Lahore.<ref name="ary/8oct2016">{{cite news|title=Ishaq Dar declared 'Finance Minister of the year 2016 for South Asia'|url=http://www.arynews.tv/en/imf-ishaq-dar-declared-finance-minister-year-2016-south-asia/ |access-date=20 October 2016 |publisher=[[ARY News]] |date=8 October 2016 |ref=ary |language=en-us |url-status=bot: unknown |archive-url=https://www.webcitation.org/6lcHu9DxN?url=http://www.arynews.tv/en/imf-ishaq-dar-declared-finance-minister-year-2016-south-asia/ |archive-date=29 October 2016 }}</ref> Reportedly, Dar was awarded two gold medals and a roll of honor for first position in B.{{nbsp}}Com. (Hons) at the University of Punjab.<ref name="ary/8oct2016" /> Dar once stated that [[Nawaz Sharif]] had been his batch mate at [[Government College University Lahore]] from 1964 to 1966.<ref name="dawn/2feb2017" /><br />
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Dar became an Associate Member of the Institute of Chartered Accountants in [[England]] and [[Wales]] in 1974, where he achieved his certification in chartered accountancy. He was one of the youngest Pakistanis at the time to have passed the professional qualification in the minimum time period.<ref name="tribune/14may2013">{{cite news|title=Right man for the job?: Senator Ishaq Dar tipped to be next finance ministe |url=http://tribune.com.pk/story/548765/r|last1=Shahbaz Rana |access-date=7 October 2016 |work=The Express Tribune |date=14 May 2013 |ref=tribune |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029090021/http://tribune.com.pk/story/548765/right-man-for-the-job-senator-ishaq-dar-tipped-to-be-next-finance-minister/ |archive-date=29 October 2016 }}</ref> In 1975 he became associate member of the [[Institute of Chartered Accountants of Pakistan]]. He obtained fellowship in the Institute of Chartered Accountants in England and Wales in 1980 and in the Institute of Chartered Accountants of Pakistan in 1984. Currently, he is a fellow member of the [[Pakistan Institute of Public Finance Accountants]] and of the Institute of Chartered Accountants in England and Wales.<ref name="ary/8oct2016" /><br />
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==Early career==<br />
Professionally, Dar is a chartered accountant and businessman.<ref name="nation/30may2013" /><ref name="Tribune/8june2013">{{cite news|title=Federal cabinet unveiled: Enter the ministers |url=http://tribune.com.pk/story/560553/f|last1=Irfan Ghauri |access-date=27 October 2016 |work=The Express Tribune |date=8 June 2013 |ref=Tribune/profile |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029085327/http://tribune.com.pk/story/560553/federal-cabinet-unveiled-enter-the-ministers/ |archive-date=29 October 2016 }}</ref><ref name="thenews/17march2008">{{cite news|title=New finance minister will have tough job |url=https://www.thenews.com.pk/archive/print/100862|access-date=4 January 2017 |work=The News |date=17 March 2008 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20170104163851/https://www.thenews.com.pk/archive/print/100862-PAT-demands-regulatory-body-for-mosques-seminaries |archive-date= 4 January 2017 }}</ref> After having worked as director of finance in a [[London]]-based textile corporation from 1974 to 1976, Dar moved to [[Libya]] in 1976 and worked for the Government of Libya as senior auditor in the Office of the Auditor General's Department in [[Tripoli]].<ref name="ary/8oct2016" /><ref name="dawn/7june2013">{{cite news|last1=Ghumman |first1=Khawar |title=Experience and loyalty count in the PML-N kitchen cabinet |url=http://www.dawn.com/news/1016645 |access-date=27 October 2016 |work=[[DAWN.com|DAWN]]|date=7 June 2013 |ref=dawn/7june2013 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029085545/http://www.dawn.com/news/1016645 |archive-date=29 October 2016 }}</ref><br />
<ref>{{cite web|title=Mohammad Ishaq Dar: Executive Profile & Biography |url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=271878591&privcapId=874021 |publisher=[[Bloomberg L.P.]]|access-date=3 January 2017 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20170103165641/http://www.bloomberg.com/research/stocks/private/person.asp?personId=271878591&privcapId=874021 |archive-date= 3 January 2017 }}</ref><ref name="bloomberg1" /> On returning to Pakistan in 1977, he became partner in a chartered accountant firm, and in 1980 he became financial adviser to a multinational construction company.<ref name="tribune/14may2013" /><br />
<br />
==Political career==<br />
<br />
===Initial political career===<br />
Dar began his political career in the late 1980s with the [[Pakistan Muslim League (N)]] (PML-N) as a member of its central executive committee<ref name="dawn/25april2013">{{cite news|title=Mohammad Ishaq Dar profile |url=http://www.dawn.com/news/1024455|last1=Imran Kazmi |access-date=7 October 2016 |work=DAWN |date=25 April 2013 |ref=DAWN |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029085839/http://www.dawn.com/news/1024455/mohammad-ishaq-dar |archive-date=29 October 2016 }}</ref> and since then has remained close to Nawaz Sharif, the leader of PML-N.<ref name="pakistantoday/21sept2017">{{cite news|title=Ishaq Dar's fall from grace|url=https://www.pakistantoday.com.pk/2017/09/21/ishaq-dars-fall-from-grace/|access-date=24 November 2017|work=Pakistan Today|date=21 September 2017|url-status=live|archive-url=https://web.archive.org/web/20171124091254/https://www.pakistantoday.com.pk/2017/09/21/ishaq-dars-fall-from-grace/|archive-date=24 November 2017}}</ref> After receiving recognition at the national level in 1990 for his suggestions on government budgets, he became closer to the [[Sharif family]].<ref name="dawn/2feb2017" /> Dar claims that Nawaz Sharif, during his tenure as Prime Minister in 1992, requested that he provide a [[line of credit]] of approximately Rs 100 million from his [[Non-bank financial institution|Modarba]] for the Sharif family business.<ref name="dawn/2feb2017">{{cite news|last1=Farooq|first1=Asad|title=What did Ishaq Dar 'confess' to during the Hudaibiya Paper Mills reference in 2000?|url=https://www.dawn.com/news/1312292|access-date=28 November 2017|work=DAWN|date=2 February 2017|url-status=live|archive-url=https://web.archive.org/web/20171127001425/https://www.dawn.com/news/1312292|archive-date=27 November 2017}}</ref> In 1992 Dar held his first public office under Prime Minister Nawaz Sharif, during the first government of the PML-N, as Chairman of the [[Pakistan Board of Investment]] (BOI), and Minister of State, in which post he remained until resigning in 1993,<ref>{{cite news|last1=Fazal Sher|title=Dar castigates IK to voice deep govt frustration|url=http://epaper.brecorder.com/2017/07/04/1-page/886416-news.html|access-date=28 November 2017|work=Business Recorder|url-status=bot: unknown|archive-url=https://web.archive.org/web/20171128122400/http://epaper.brecorder.com/2017/07/04/1-page/886416-news.html|archive-date=28 November 2017}}</ref><ref name="pakistantoday/21sept2017" /><ref name="dawn/25april2013" /> after the government was dismissed by the then-[[President of Pakistan]], [[Ghulam Ishaq Khan]].<ref>{{cite news|title=Chronology of prime ministers|url=https://www.dawn.com/news/395173|access-date=14 August 2017|work=DAWN|date=27 June 2004|language=en|url-status=live|archive-url=https://web.archive.org/web/20170814055716/https://www.dawn.com/news/395173|archive-date=14 August 2017}}</ref> After serving<ref>{{cite news|title=Dar accuses Imran Khan of tax theft, lying in post-JIT hearing presser|url=https://www.dawn.com/news/1342972|access-date=28 November 2017|work=DAWN|date=3 July 2017|url-status=live|archive-url=https://web.archive.org/web/20170921154141/https://www.dawn.com/news/1342972|archive-date=21 September 2017}}</ref> BOI as chairman in an honorary capacity,<ref>{{cite news|title=Gujrat politics: Saeed's son may challenge his uncle Ahmed Mukhtar|url=https://www.thenews.com.pk/archive/print/387979|access-date=28 November 2017|work=The News|date=29 September 2012|language=en|url-status=live|archive-url=https://web.archive.org/web/20171128135945/https://www.thenews.com.pk/archive/print/387979|archive-date=28 November 2017}}</ref> he became president of [[Lahore Chamber of Commerce and Industry]] that same year.<ref>{{cite news|last1=Hassaan Ahmed|title=Another Budget: A labyrinth of words and commitments|url=https://www.pakistantoday.com.pk/2016/06/05/another-budget-a-labyrinth-of-words-and-commitments/|access-date=28 November 2017|work=Pakistan Today|date=5 June 2016|url-status=live|archive-url=https://web.archive.org/web/20171128135945/https://www.pakistantoday.com.pk/2016/06/05/another-budget-a-labyrinth-of-words-and-commitments/|archive-date=28 November 2017}}</ref><ref name="pakistantoday/21sept2017" /><br />
<br />
Dar made his Parliament debut after running for a seat in the [[National Assembly of Pakistan]] in a by-election held after [[Pakistani general elections, 1993|1993 general election]] as a candidate of the PML-N for the Lahore NA-95 constituency after the seat was vacated by [[Nawaz Sharif]] who had won the seat in two different constituencies in 1993 general election.<ref name="thenews/11sept2017">{{cite news|last1=Faizan Bangash|title=Maliks yet to win on NA-120|url=https://www.thenews.com.pk/print/229115|access-date=28 November 2017|work=The News|date=11 September 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20180220045836/https://www.thenews.com.pk/print/229115|archive-date=20 February 2018}}</ref><ref>{{cite news|last1=M A Niazi|title=The postponing of a by-election|url=http://nation.com.pk/02-Oct-2009/the-postponing-of-a-byelection|access-date=28 November 2017|work=The Nation|date=2 October 2009|url-status=live|archive-url=https://web.archive.org/web/20171201035301/http://nation.com.pk/02-Oct-2009/the-postponing-of-a-byelection|archive-date=1 December 2017}}</ref> After receiving 39,483 votes (62%), he was elected to the National Assembly.<ref name="pakistantoday/21sept2017" /><ref name="thenews/10oct2015">{{cite news|last1=Sabir|first1=Shah|title=Popularity graphs of winners of Lahore NA polls since 1970|url=https://www.thenews.com.pk/print/67067|access-date=16 August 2017|work=The News|date=10 October 2015|language=en|url-status=live|archive-url=https://web.archive.org/web/20170816235453/https://www.thenews.com.pk/print/67067-popularity-graphs-of-winners-of-lahore-na-polls-since-1970|archive-date=16 August 2017}}</ref><ref name="dawn/25april2013" /> His tenure as Member of the National Assembly was terminated upon the dissolution of the National Assembly in 1996<ref name="brecorder/23july2017">{{cite news|last1=Huzaima Bukhari|first1=Dr Ikramul Haq|title=Myths busted|url=http://epaper.brecorder.com/2017/07/23/20-page/890850-news.html|access-date=28 November 2017|work=Business Recorder|date=23 July 2017|url-status=live|archive-url=https://web.archive.org/web/20171201044113/http://epaper.brecorder.com/2017/07/23/20-page/890850-news.html|archive-date=1 December 2017}}</ref><ref name="dawn/4june2006">{{cite news|title=Editorial|url=https://www.dawn.com/news/1069068|access-date=13 August 2017|work=DAWN|date=4 June 2006|language=en|url-status=live|archive-url=https://web.archive.org/web/20170813225337/https://www.dawn.com/news/1069068/dawn-editorial-june-04-2006|archive-date=13 August 2017}}</ref> following the dismissal of the [[Benazir Bhutto]] government by the then-President, [[Farooq Leghari]].<ref name="pakistantoday/21sept2017" /><ref name="dawn/27june2004">{{cite news|title=Chronology of prime ministers|url=https://www.dawn.com/news/395173|access-date=13 August 2017|work=DAWN|date=27 June 2004|language=en|url-status=live|archive-url=https://web.archive.org/web/20170814055716/https://www.dawn.com/news/395173|archive-date=14 August 2017}}</ref><br />
<br />
===As Minister for Commerce and Finance===<br />
After new snap elections were called for in [[Pakistani general elections, 1997|1997]],<ref name="book/9781135355760">{{cite book|last1=Schottli|first1=Jivanta|last2=Mitra|first2=Subrata K.|last3=Wolf|first3=Siegried|title=A Political and Economic Dictionary of South Asia|date=2015|publisher=Routledge|isbn=9781135355760|url=https://books.google.com/books?id=7uIjCQAAQBAJ&q=elections+were+called+1990+pakistan&pg=PA295|access-date=13 August 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20170814061238/https://books.google.com/books?id=7uIjCQAAQBAJ&pg=PA295&lpg=PA295&dq=elections%20were%20called%201990%20pakistan&source=bl&ots=ZZV7NGvGK8&sig=ylpHceIDefl-tsZo2iPo6I8JspU&hl=en&sa=X&ved=0ahUKEwi6h9CUr9XVAhVJLI8KHVrpAJ8Q6AEIUjAI#v=onepage&q=elections%20were%20called%201990%20pakistan&f=false|archive-date=14 August 2017}}</ref> Dar ran for a National Assembly seat as a candidate of the PML-N and was successfully re-elected to represent the Lahore NA-97 constituency<ref name="pakistantoday/21sept2017" /> by securing 61,556 votes.<ref name="thenews/10oct2015" /><ref name="dawn/25april2013" /> After the PML-N had won a clear majority in the National Assembly for the second time,<ref name="nytimes/5feb1997">{{Cite news|url=https://www.nytimes.com/1997/02/05/world/muslim-party-gets-huge-margin-in-pakistan-s-parliament.html |title=Muslim Party Gets Huge Margin in Pakistan's Parliament |access-date=13 November 2008 |date=5 February 1997 |work=The New York Times|first=John F. |last=Burns |url-status=bot: unknown |archive-url=https://www.webcitation.org/6lcJwNiOx?url=http://www.nytimes.com/1997/02/05/world/muslim-party-gets-huge-margin-in-pakistan-s-parliament.html |archive-date=29 October 2016 }}</ref> Dar was invited into the cabinet of Prime Minister Nawaz Sharif as a federal minister and was appointed as the Minister for Industries and Investment in February 1997 where he served until July 1997.<ref name="2ndcabinet/nawaz" /> In December 1997, he was made the [[Ministry of Commerce and Textile Industry|Minister for Commerce]].<ref name="2ndcabinet/nawaz">{{cite web|title=Federal Cabinet 1997 to 1999|url=http://www.cabinet.gov.pk/cabinet/userfiles1/file/Info%20serveces/Federal%20Cabinet%20since%201947/nawaz-2-1997-99.pdf|publisher=Cabinet Division|access-date=11 December 2017|archive-url=https://web.archive.org/web/20171211105141/http://www.cabinet.gov.pk/cabinet/userfiles1/file/Info%20serveces/Federal%20Cabinet%20since%201947/nawaz-2-1997-99.pdf|archive-date=11 December 2017}}</ref><ref name="pakistantoday/21sept2017" /><ref name="thenews/13dec2007">{{cite news|title=Commerce ministers since 1997 came from LCCI |url=https://www.thenews.com.pk/archive/print/85042|access-date=21 January 2017 |work=The News |date=13 December 2007 |language=en |url-status=bot: unknown |archive-url=https://www.webcitation.org/6ng4s7z3N?url=https://www.thenews.com.pk/archive/print/85042-commerce-ministers-since-1997-came-from-lcci |archive-date=21 January 2017 }}</ref><ref name="dawn/25april2013" /> After Pakistan tested its [[Pakistan and weapons of mass destruction|nuclear weapons]] in May 1998, other countries responded with heavy economic sanctions against Pakistan.<ref>{{cite news|title=Pakistan takes a beating|url=http://www.economist.com/node/161886|access-date=26 November 2017|work=The Economist|date=20 August 1998|url-status=live|archive-url=https://web.archive.org/web/20150822080047/http://www.economist.com/node/161886|archive-date=22 August 2015}}</ref><ref>{{cite news|title= U.S. outlines sanctions against India, Pakistan |url=http://edition.cnn.com/WORLD/asiapcf/9806/18/india.pakistan.sanctions/ |access-date=4 January 2017 |publisher=CNN |date=18 June 1998 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20170121082125/http://edition.cnn.com/WORLD/asiapcf/9806/18/india.pakistan.sanctions/ |archive-date=21 January 2017 }}</ref> When the economy plummeted, Dar was given the additional cabinet portfolio of [[Ministry of Finance, Revenue and Economic Affairs|Minister for Finance]] with the additional charge of Revenue, Economic Affairs and Statistics.<ref name="Tribune/8june2013" /><ref name="dawn/25april2013" /><ref name="AajNews/7june2013">{{cite news|last1=Jamil |first1=Farah |title=26 member Cabinet to take oath today |url=http://aaj.tv/2013/06/26-member-cabinet-to-take-oath-today/ |access-date=31 October 2016 |publisher=Aaj News |date=7 June 2013 |ref=AajNews |url-status=bot: unknown |archive-url=https://web.archive.org/web/20170121082201/http://aaj.tv/2013/06/26-member-cabinet-to-take-oath-today/ |archive-date=21 January 2017 }}</ref> Dar helped conclude negotiations for an [[International Monetary Fund]] (IMF) bailout package to deal with an economic crisis that had been triggered by the sanctions.<ref name="pakistantoday/21sept2017" /><ref name="thenews/17march2008" /> Dar continued to serve in both cabinet positions until the [[1999 Pakistani coup d'état]], during which the then-Chief of Army Staff, General [[Pervez Musharraf]], overthrew Nawaz Sharif and his existing elected government. Dar spent nearly two years<ref name="pakistantoday/21sept2017" /><ref name="thenews/17march2008" /> in jail under Musharraf over corruption charges that didn't went to trial.<ref name="bloomberg1">{{cite news|last1=Anwar |first1=Haris |title=Dar Appointed Pakistan's Finance Minister as Growth Falters |url=https://www.bloomberg.com/news/articles/2013-06-08/dar-appointed-pakistan-s-finance-minister-as-growth-falters |access-date=7 October 2016 |publisher=Bloomberg |date=8 June 2013 |ref=bloomberg1 |url-status=bot: unknown |archive-url=https://www.webcitation.org/6lcIGhdhg?url=http://www.bloomberg.com/news/articles/2013-06-08/dar-appointed-pakistan-s-finance-minister-as-growth-falters |archive-date=29 October 2016 }}</ref> His tenure as Member of the National Assembly was also terminated after the assembly's dissolution in 1999 as a result of the coup.<ref name="brecorder/23july2017" /><ref>{{cite news|title=MNAs will swear to protect LFO|url=https://www.dawn.com/news/59703|access-date=14 August 2017|work=DAWN|date=1 October 2002|language=en|url-status=live|archive-url=https://web.archive.org/web/20170814100855/https://www.dawn.com/news/59703|archive-date=14 August 2017}}</ref> Dar remained loyal to the PML-N during Musharraf's rule<ref name="Dawn/26march2013">{{cite news|last1=Mahmood |first1=Amjad |title='Loyalists dominate' N parliamentary board |url=http://www.dawn.com/news/798021|access-date=17 October 2016 |work=DAWN|date=26 March 2013 |ref=Dawn/march2013 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029093026/http://www.dawn.com/news/798021/loyalists-dominate-n-parliamentary-board |archive-date=29 October 2016 }}</ref> despite pressure by the Pakistan Army to switch allegiance from Nawaz Sharif.<ref name="nation/30may2013">{{cite news|title=Sharifs quashed plan to install out-of-family CM|url=http://nation.com.pk/30-May-2013/sharifs-quashed-plan-to-install-out-of-family-cm|access-date=28 November 2017|work=The Nation|date=30 May 2013|url-status=live|archive-url=https://web.archive.org/web/20171128090329/http://nation.com.pk/30-May-2013/sharifs-quashed-plan-to-install-out-of-family-cm|archive-date=28 November 2017}}</ref> However, during his detention in 2000, Dar accused Nawaz Sharif of having engaged in money laundering in the late 1990s<ref name="dawn/13nov2009" /> and, in connection with the infamous Hudabya Papers Mills case, Dar confessed to laundering US$14.86 million on behalf of the Nawaz Sharif.<ref name="herald/12dec2017" /><ref name="dawn/2feb2017" /> Later, he retreated from his statement, saying it had been extracted under duress.<ref name="nation/11nov2017">{{cite news|title=What Hudaibiya case is and how it started|url=http://nation.com.pk/11-Nov-2017/what-hudaibiya-case-is-and-how-it-started|access-date=29 November 2017|work=The Nation|date=11 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171201032940/http://nation.com.pk/11-Nov-2017/what-hudaibiya-case-is-and-how-it-started|archive-date=1 December 2017}}</ref> After having been released from jail<ref name="nation/30may2013" /> during the [[Pervez Musharraf]] rule in Pakistan, Dar moved to the [[United Arab Emirates]], where he worked as a financial adviser<ref>{{cite news|title=Ishaq Dar holds no iqama, residence permit: Spokesman|url=https://www.samaa.tv/economy/2017/07/ishaq-dar-holds-no-iqama-residence-permit-spokesman/|access-date=17 August 2017|publisher=[[Samaa TV]]|url-status=live|archive-url=https://web.archive.org/web/20170817163330/https://www.samaa.tv/economy/2017/07/ishaq-dar-holds-no-iqama-residence-permit-spokesman/|archive-date=17 August 2017}}</ref> to a member of the [[Royal families of the United Arab Emirates|ruling family]], a position he held until 2008.<ref name="dawn/25april2013" /><ref name="ministryfinance/profile">{{cite web|title=Profile – Minister Ishaq Dar |url=http://www.finance.gov.pk/profile_minister.html |publisher=Ministry of Finance |access-date=21 October 2016 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029090258/http://www.finance.gov.pk/profile_minister.html |archive-date=29 October 2016}}</ref> In 2002 he was made president of PML-N's International Affairs office.<ref name="dawn/25april2013" /><br />
<br />
===In Opposition===<br />
After a stay of several months outside Pakistan,<ref name="pakistantoday/21sept2017" /><ref>{{cite news|title=LAHORE: Ishaq Dar returns to contest Senate polls|url=http://www.dawn.com/news/77182|access-date=21 January 2017|work=DAWN|date=12 January 2003|language=en|url-status=live|archive-url=https://web.archive.org/web/20170202004008/http://www.dawn.com/news/77182|archive-date=2 February 2017}}</ref> Dar returned to Pakistan in 2003 to run for a seat in the [[Senate of Pakistan|Senate]] as a candidate of PML-N and was successfully elected for the first time, for a term of three years. During his tenure as Member of the Senate, he served as Parliamentary Leader of the PML-N in the Senate.<ref name="pakistantoday/21sept2017" /> He was re-elected to the Senate in the [[Pakistani Senate election, 2006|2006 senate election]] as a candidate of PML-N, this time for a term of six years.<ref name="dawn/25april2013" /><ref name="pakistantoday/21sept2017" /> During his tenure as Member of the Senate between 2003 and 2012, he remained the Parliamentary Leader of the PML-N in the Senate.<ref name="dawn/25april2013" /><ref name="nation/8march2012" /><br />
<br />
After the formation of a coalition government between the PPP and PML-N with [[Yousaf Raza Gillani]] as Prime Minister,<ref>{{cite news|title=Zardari, Nawaz agree to form coalition|url=https://www.dawn.com/news/290486|access-date=30 July 2017|work=DAWN|date=22 February 2008|language=en|url-status=live|archive-url=https://web.archive.org/web/20170730151146/https://www.dawn.com/news/290486|archive-date=30 July 2017}}</ref> following the [[Pakistani general election, 2008|2008 general election]], which had resulted in a hung parliament where the PPP had secured the largest number of seats in the National Assembly and the PML-N the second largest,<ref>{{cite news|title=PPP, PML-N in sight of magical number|url=https://www.dawn.com/news/290178|access-date=13 August 2017|work=DAWN|date=20 February 2008|language=en|url-status=live|archive-url=https://web.archive.org/web/20170814060405/https://www.dawn.com/news/290178|archive-date=14 August 2017}}</ref><ref>{{cite news|title=The winner has to share|url=https://www.dawn.com/news/550997|access-date=5 August 2017|work=DAWN|date=4 August 2010|language=en|url-status=live|archive-url=https://web.archive.org/web/20170805220957/https://www.dawn.com/news/550997/the-winner-has-to-share|archive-date=5 August 2017}}</ref> Dar due to his expertise in finance and economics,<ref name="thenews/17march2008" /><ref name="dawn/25april2013" /> was invited to join the cabinet of [[Gillani ministry|Yousaf Raza Gillani]] with the status of a federal minister in March 2008 and was re-appointed as the Minister for Finance<ref name="pakistantoday/21sept2017" /><ref>{{cite news|title=Ishaq Dar to become finance minister: PML-N spokesperson |url=http://www.dawn.com/news/1011133 |access-date=4 January 2017 |work=DAWN |date=13 May 2013 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20170104164321/http://www.dawn.com/news/1011133 |archive-date= 4 January 2017 }}</ref><ref name="Tribune/8june2013" /><ref name="dawn/25april2013" /><ref name="bloomberg1" /> with the additional cabinet portfolio of revenue, economic affairs and statistics.<ref name="dawn/14may2008" /> However, his tenure as Minister for Finance was short-lived after the PML-N left the PPP-led coalition government in May 2008<ref name="dawn/14may2008">{{cite news|title=Gilani to sit on resignations till Asif's return: Decision final: Nisar|url=https://www.dawn.com/news/302713|access-date=25 November 2017|work=DAWN|date=14 May 2008|url-status=live|archive-url=https://web.archive.org/web/20170730151211/https://www.dawn.com/news/302713|archive-date=30 July 2017}}</ref><ref>{{cite news|last1=Wasim|first1=Amir|title=PML-N walks out after hitting brick wall: Judges issue splits coalition; ministers to quit federal cabinet today|url=https://www.dawn.com/news/302567|access-date=30 July 2017|work=DAWN|date=13 May 2008|language=en|url-status=live|archive-url=https://web.archive.org/web/20170730150456/https://www.dawn.com/news/302567|archive-date=30 July 2017}}</ref> to lead the [[movement to impeach Pervez Musharraf]] and to restore the [[Judiciary of Pakistan|judiciary]]<ref>{{cite news|last1=Wasim|first1=Amir|title=Nawaz pulls out of coalition: Justice Saeeduz Zaman is PML-N candidate for president's post|url=https://www.dawn.com/news/318352|access-date=14 August 2017|work=DAWN|date=26 August 2008|language=en|url-status=live|archive-url=https://web.archive.org/web/20170814100021/https://www.dawn.com/news/318352/nawaz-pulls-out-of-coalition-justice-saeeduz-zaman-is-pml-n-candidate-for-president|archive-date=14 August 2017}}</ref> after the coalition failed to restore the judiciary, as agreed between PML-N and PPP in the [[Bhurban Accord]].<ref>{{cite news|last1=Zeeshan Haider|title=Pakistan coalition fails to break judges deadlock|url=https://www.reuters.com/article/idUSISL10441020080509|access-date=29 November 2017|publisher=Reuters|date=10 May 2008|url-status=live|archive-url=https://web.archive.org/web/20080519092219/http://www.reuters.com/article/idUSISL10441020080509|archive-date=19 May 2008}}</ref> During his brief tenure as finance minister, he was criticized for causing the rupee fall, [[bank run]] and panic in the market.<ref>{{cite news|title=Right man for the job?: Senator Ishaq Dar tipped to be next finance minister|url=https://tribune.com.pk/story/548765/r|access-date=25 November 2017|work=The Express Tribune|date=14 May 2013|url-status=live|archive-url=https://web.archive.org/web/20170817035655/https://tribune.com.pk/story/548765/right-man-for-the-job-senator-ishaq-dar-tipped-to-be-next-finance-minister/|archive-date=17 August 2017}}</ref> Meanwhile, he has been credited for proposing the idea of the [[Benazir Income Support Programme]],<ref>{{cite news|title=BISP: Success and future plans|url=http://nation.com.pk/09-Jan-2016/bisp-success-and-future-plans|access-date=24 November 2017|work=The Nation|url-status=live|archive-url=https://web.archive.org/web/20171111100311/http://nation.com.pk/09-Jan-2016/bisp-success-and-future-plans|archive-date=11 November 2017}}</ref><ref>{{cite news|title=UK says BISP was Ishaq Dar's brainchild|url=https://www.thenews.com.pk/archive/print/432122|access-date=24 November 2017|work=The News|date=23 May 2013|language=en|url-status=live|archive-url=https://web.archive.org/web/20171124091254/https://www.thenews.com.pk/archive/print/432122-uk-says-bisp-was-ishaq-dars-brainchild|archive-date=24 November 2017}}</ref><ref>{{cite news|last1=Ishtiaq|first1=Humair|title=Addressing poverty the BISP way|url=https://www.dawn.com/news/760087|access-date=24 November 2017|work=DAWN|date=30 October 2012|url-status=live|archive-url=https://web.archive.org/web/20140503153523/http://www.dawn.com/news/760087/addressing-poverty-the-bisp-way|archive-date=3 May 2014}}</ref><ref>{{cite news|title=PPP eyes 90 seats, 68 for PML-N and 45 for PTI|url=https://www.thenews.com.pk/archive/print/630381|access-date=24 November 2017|work=The News|language=en|url-status=live|archive-url=https://web.archive.org/web/20171124091254/https://www.thenews.com.pk/archive/print/630381|archive-date=24 November 2017}}</ref> a Pakistani government aid program to provide financial assistance to low-income families<ref>{{cite news|title=Pakistan committed to making cities safer, sustainable urbanisation: State Minister|url=https://dailytimes.com.pk/67576|access-date=25 November 2017|work=[[Daily Times (Pakistan)|Daily Times]]|date=26 July 2016|url-status=live|archive-url=https://web.archive.org/web/20171125123300/https://dailytimes.com.pk/67576/pakistan-committed-to-making-cities-safer-sustainable-urbanisation-state-minister/|archive-date=25 November 2017}}</ref><ref>{{cite news|title=Ways to evolve, redefine BISP discussed at WB workshop|url=https://www.thenews.com.pk/print/115327|access-date=25 November 2017|work=The News|date=18 January 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20171125123302/https://www.thenews.com.pk/print/115327-Ways-to-evolve-redefine-BISP-discussed-at-WB-workshoputm_source%3Dfeedburner%26utm_medium%3Dfeed%26utm_campaign%3DFeed%3A+TheNewsInternational-Islamabad+%28Islamabad+News+-+The+News+International%29|archive-date=25 November 2017}}</ref> which is said to be one of the largest in South Asia.<ref>{{cite web|title=Reaching the Poorest through Strengthening the Social Safety Net System in Pakistan|url=http://www.worldbank.org/en/country/pakistan/brief/reaching-the-poorest-through-strengthening-the-social-safety-net-system-in-pakistan|website=World Bank|access-date=14 December 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20171214182741/http://www.worldbank.org/en/country/pakistan/brief/reaching-the-poorest-through-strengthening-the-social-safety-net-system-in-pakistan|archive-date=14 December 2017}}</ref> Dar claimed that the original name of the organisation proposed was Pakistan Income Support Programme but that it was renamed by PPP for political gains after he stepped down form the ministerial office.<ref>{{cite news|title=PPP replaced PISP with BISP, claims Ishaq Dar|url=https://www.dawn.com/news/1013291|access-date=24 November 2017|work=DAWN|date=24 May 2013|url-status=live|archive-url=https://web.archive.org/web/20171124091254/https://www.dawn.com/news/1013291|archive-date=24 November 2017}}</ref><br />
<br />
In 2011 Dar was decorated with [[Nishan-e-Imtiaz]], the highest civil award given to Pakistani nationals, for his parliamentary service in Pakistan. However, he refused to receive it from the then-President, [[Asif Ali Zardari]].<ref name="pakistantoday/21sept2017" /><ref name="dawn/25april2013" /> Dar was re-elected to the Senate for the third time in the [[Pakistani Senate election, 2012|2012 senate election]], for six years as a candidate of PML-N on technocrat seat from Punjab<ref name="pakistantoday/21sept2017" /><ref name="dawn/25april2013" /> after which he was appointed by Nawaz Sharif as the Parliamentary Leader of the PML-N in the Senate.<ref name="nation/8march2012">{{cite news|title=Dar appointed Senate Parliamentary Leader of PML-N|url=http://nation.com.pk/08-Mar-2012/dar-appointed-senate-parliamentary-leader-of-pml-n|access-date=28 November 2017|work=The Nation|date=8 March 2012|url-status=live|archive-url=https://web.archive.org/web/20171128090330/http://nation.com.pk/08-Mar-2012/dar-appointed-senate-parliamentary-leader-of-pml-n|archive-date=28 November 2017}}</ref> A few days later he was elected as the Leader of the Opposition in the Senate, replacing [[Abdul Ghafoor Haideri]]<ref>{{cite news|title=Ishaq Dar new leader of opposition in Senate|url=https://www.dawn.com/news/702784|access-date=25 November 2017|work=DAWN|date=15 March 2012|url-status=live|archive-url=https://web.archive.org/web/20171125123302/https://www.dawn.com/news/702784|archive-date=25 November 2017}}</ref><ref name="dawn/14mar2012">{{cite news|title=Ishaq Dar made opposition leader in Senate |url=http://www.dawn.com/news/702599|access-date=7 October 2016 |work=DAWN |date=14 March 2012 |ref=dawn0 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029085909/http://www.dawn.com/news/702599/ishaq-dar-made-opposition-leader-in-senate |archive-date=29 October 2016 }}</ref> for his negotiation skills with PPP government on major issues.<ref name="nation/30may2013" /> During his tenure as Member of the Senate, he remained member of the various Standing Committees of Senate such as defence and defence production, foreign affairs, Kashmir affairs and Gilgit-Baltistan, commerce and finance, revenue, economic affairs, statistics, planning and development and privatisation.<ref name="dawn/25april2013" /> He also served as a member of the Special Committee on Constitutional Reforms, and co-prepared and passed the [[Eighteenth Amendment to the Constitution of Pakistan|18th]], the [[Nineteenth Amendment to the Constitution of Pakistan|19th]], and the [[Twentieth Amendment to the Constitution of Pakistan|20th]] amendments to the [[Constitution of Pakistan]].<ref name="dawn/25april2013" /><ref name="pakistantoday/21sept2017" /><br />
<br />
===Third tenure as Finance Minister===<br />
For the [[Pakistani general election, 2013|2013 general election]], Dar was made part of the PML-N's central parliamentary board tasked with selecting candidates for the election.<ref name="pakistantoday/21sept2017" /><ref name="Dawn/26march2013" /> Upon the victory of the PML-N in the 2013 general election, Dar resigned from his position as Opposition Leader in the Senate<ref>{{cite news|title=Ishaq Dar resigns from Senate opposition seat|url=https://tribune.com.pk/story/558744/i|access-date=25 November 2017|work=The Express Tribune|date=4 June 2013|url-status=live|archive-url=https://web.archive.org/web/20141005234231/http://tribune.com.pk/story/558744/ishaq-dar-resigns-from-senate-opposition-seat/|archive-date=5 October 2014}}</ref><ref>{{cite news|title=Senator Ishaq Dar resigns as opposition leader|url=https://www.thenews.com.pk/archive/print/630935|access-date=25 November 2017|work=The News|language=en|url-status=live|archive-url=https://web.archive.org/web/20171125123302/https://www.thenews.com.pk/archive/print/630935|archive-date=25 November 2017}}</ref> and was invited to join the federal cabinet after the government was formed by Prime Minister Nawaz Sharif in June 2013. He was for the third time made the Federal Minister for Finance<ref name="tribune/22nov2017" /><ref name="khaleejtimes/13may2013">{{cite news|title=Nawaz Sharif picks finance minister as stocks hit high |url=http://www.khaleejtimes.com/article/20130513/ARTICLE/305139981/1030 |access-date=7 October 2016 |work=[[Khaleej Times]]|date=13 May 2013 |ref=khaleejtimes |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029085355/http://www.khaleejtimes.com/article/20130513/ARTICLE/305139981/1030 |archive-date=29 October 2016 }}</ref><ref>{{cite news|title=PML-N-led federal cabinet takes oath |url=http://tribune.com.pk/story/560182/p|last1=Abdul Manan |access-date=29 October 2016 |work=The Express Tribune |date=7 June 2013 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029093053/http://tribune.com.pk/story/560182/pml-n-finalises-cabinet-members/ |archive-date=29 October 2016 }}</ref> and was given the additional cabinet portfolios of Revenue, Economic Affairs, Statistics and Privatisation.<ref>{{cite news|title=Sharif's 25-member cabinet takes oath|url=https://www.dawn.com/news/1016686|access-date=25 November 2017|work=DAWN|date=7 June 2013|url-status=live|archive-url=https://web.archive.org/web/20170227063804/https://www.dawn.com/news/1016686|archive-date=27 February 2017}}</ref> In 2014 Dar was given the chairmanship of the Special Parliamentary Committee on Election Reforms<ref>{{cite news|title=Ishaq Dar elected chairman of electoral reforms committee|url=http://www.dawn.com/news/1123666|access-date=21 January 2017|work=DAWN|date=6 August 2014|language=en|url-status=live|archive-url=https://web.archive.org/web/20170202004005/http://www.dawn.com/news/1123666|archive-date=2 February 2017}}</ref> and of [[Economic Coordination Committee (Pakistan)|Economic Coordination Committee]] by Nawaz Sharif.<ref>{{cite news|last1=Imran Mukhtar|title=PM replaces Ishaq Dar as head of ECC|url=http://nation.com.pk/national/12-Aug-2017/pm-replaces-ishaq-dar-as-head-of-ecc|access-date=12 August 2017|work=The Nation|date=12 August 2017|url-status=live|archive-url=https://web.archive.org/web/20170812134404/http://nation.com.pk/national/12-Aug-2017/pm-replaces-ishaq-dar-as-head-of-ecc|archive-date=12 August 2017}}</ref> During the third premiership of Nawaz Sharif, Dar was considered so powerful<ref name="tribune/17aug2017" /> that he was dubbed the de{{nbsp}}facto Deputy Prime Minister of Pakistan,<ref name="dawn/27nov2017">{{cite news|last1=Kiani|first1=Khaleeq|title=The fall of Dar|url=https://www.dawn.com/news/1373179|access-date=27 November 2017|work=DAWN|date=27 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171127094209/https://www.dawn.com/news/1373179|archive-date=27 November 2017}}</ref><ref name="pakistantoday/21sept2017" /><ref name="dawn/17aug2017">{{cite news|last1=Husain|first1=Khurram|title=The diminished Mr Dar|url=https://www.dawn.com/news/1352015|access-date=17 August 2017|work=DAWN|date=17 August 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20170817093232/https://www.dawn.com/news/1352015/the-diminished-mr-dar|archive-date=17 August 2017}}</ref><ref name="nation/17aug2017">{{cite news|title=Dar's role minimised in PM Abbasi's govt|url=http://nation.com.pk/newspaper-picks/17-Aug-2017/dar-s-role-minimised-in-pm-abbasi-s-govt|access-date=17 August 2017|last=Imran Ali Kundi|work=The Nation|date=17 August 2017|url-status=live|archive-url=https://web.archive.org/web/20170817062623/http://nation.com.pk/newspaper-picks/17-Aug-2017/dar-s-role-minimised-in-pm-abbasi-s-govt|archive-date=17 August 2017}}</ref> mainly because of his family relationship with Nawaz Sharif.<ref name="tribune/22nov2017" /> At one point he was serving as the chairman of over 45 committees.<ref name="dawn/27nov2017" /><ref name="tribune/17aug2017">{{cite news|last1=Shehbaz|first1=Rana|title=PM takes the helm as Dar removed from CCOP too|url=https://tribune.com.pk/story/1483453/p|access-date=17 August 2017|work=The Express Tribune|date=17 August 2017|url-status=live|archive-url=https://web.archive.org/web/20170817123132/https://tribune.com.pk/story/1483453/pm-takes-helm-dar-removed-ccop/|archive-date=17 August 2017}}</ref> Dar was considered the most powerful member of Nawaz Sharif cabinet<ref name="herald/12dec2017">{{cite news|title=The insider: Ishaq Dar|url=https://herald.dawn.com/news/1153933|access-date=12 December 2017|work=Herald Magazine|date=12 December 2017|url-status=live|archive-url=https://web.archive.org/web/20171212003151/https://herald.dawn.com/news/1153933|archive-date=12 December 2017}}</ref> who in 2016, looked after important government matters when Nawaz Sharif underwent heart surgery in the United Kingdom.<ref>{{cite news|title=Ishaq Dar, Maryam Nawaz to manage govt matters in absence of PM Nawaz |url=http://www.pakistantoday.com.pk/2016/04/14/national/ishaq-dar-maryam-nawaz-to-manage-govt-matters-in-absence-of-pm-nawaz/ |access-date=14 October 2016 |work=[[Pakistan Today]]|date=14 April 2016 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029093429/http://www.pakistantoday.com.pk/2016/04/14/national/ishaq-dar-maryam-nawaz-to-manage-govt-matters-in-absence-of-pm-nawaz/ |archive-date=29 October 2016 }}</ref><br />
<br />
In July 2016 the [[National Accountability Bureau]] (NAB) cleared Dar in an over Rs{{nbsp}}130 billion corruption case. Dar had previously stated several times that he was facing no corruption case; however, the closing of an investigation against him negated his earlier claims. The NAB had included Dar's case in the list of 179 mega-corruption cases since 2001.<ref>{{cite news|title=NAB gives a clean chit to Dar in Rs 130bn case |url=http://www.dawn.com/news/1271183 |access-date=14 October 2016 |work=DAWN |date=16 July 2016 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029093151/http://www.dawn.com/news/1271183 |archive-date=29 October 2016 }}</ref> It was reported that the case was closed due to "immense pressure" from within the NAB or from the federal government despite the fact that enough evidence was available against Dar for a conviction.<ref>{{cite news|title=Ishaq Dar walks free from NAB reference |url=http://www.pakistantoday.com.pk/2016/07/15/national/ishaq-dar-walks-free-from-nab-reference/ |access-date=14 October 2016 |last1=Mian Abrar |work=Pakistan Today |date=15 July 2016 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029093232/http://www.pakistantoday.com.pk/2016/07/15/national/ishaq-dar-walks-free-from-nab-reference/ |archive-date=29 October 2016 }}</ref><br />
<br />
In October 2016, Finance Ministry claimed that the IMF conferred the "Finance Minister of the Year for South Asia" award to Dar.<ref>{{cite news|title=Ishaq Dar declared 'Finance Minister of the Year' |url=http://tribune.com.pk/story/1195911/d|access-date=9 October 2016 |last1=Shehbaz Rana |work=The Express Tribune |date=9 October 2016 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029093451/http://tribune.com.pk/story/1195911/doling-praises-ishaq-dar-declared-finance-minister-year/ |archive-date=29 October 2016 }}</ref> After which the IMF had to issue a statement saying the newspaper did not belong to it and that it was an independent publication. It was noted that five Pakistani state-owned firms funded the ''Emerging Markets'' edition, which carried a supplement on Pakistan.<ref>{{cite news|title=IMF distances itself from Ishaq Dar's 'Finance Minister of the Year' award |url=http://tribune.com.pk/story/1198623/s|access-date=14 October 2016 |work=The Express Tribune |last1=Shehbaz Rana |date=14 October 2016 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029093618/http://tribune.com.pk/story/1198623/state-owned-firms-funded-emerging-markets-edition/ |archive-date=29 October 2016 }}</ref><br />
<br />
Dar was disqualified to hold the office of Minister of Finance on 28 July 2017 by the [[Supreme Court of Pakistan]] after then-Prime Minister Nawaz Sharif was also disqualified by the same court following a decision in the [[Panama Papers case (Pakistan)|Panama Papers case]].<ref>{{cite news|title=Pakistan's Supreme Court disqualifies Finance Minister Ishaq Dar: media|url=https://www.reuters.com/article/idUSKBN1AD0V6?il=0|access-date=7 August 2017|last=Drazen Jorgic|publisher=[[Reuters]]|date=2017|url-status=live|archive-url=https://web.archive.org/web/20170807232413/http://www.reuters.com/article/us-pakistan-politics-finmin-idUSKBN1AD0V6?il=0|archive-date=7 August 2017}}</ref> On the same day Dar ceased to hold ministerial office when the federal cabinet was disbanded after Nawaz Sharif resigned as Prime Minister.<ref>{{cite news|title=PM Nawaz Sharif steps down; federal cabinet stands dissolved|url=https://en.dailypakistan.com.pk/pakistan/pm-nawaz-gives-up-his-post-federal-cabinet-stands-dissolved/|access-date=2 August 2017|last=Sarfraz Ali|work=Daily Pakistan|url-status=dead|archive-url=https://web.archive.org/web/20170728114411/https://en.dailypakistan.com.pk/pakistan/pm-nawaz-gives-up-his-post-federal-cabinet-stands-dissolved/|archive-date=28 July 2017}}</ref> Following the election of [[Shahid Khaqan Abbasi]] as the new prime minister in early August 2017, Dar was invited to join the federal cabinet of Abbasi despite his disqualification and an investigation having been ordered against him by the Supreme Court.<ref>{{cite news|title=Pakistan's new PM forms cabinet with an eye to 2018 poll|url=https://www.reuters.com/article/idUSKBN1AK09A|access-date=4 August 2017|publisher=Reuters|last=Drazen Jorgic|date=2017|url-status=live|archive-url=https://web.archive.org/web/20170806053632/https://www.reuters.com/article/us-pakistan-politics-idUSKBN1AK09A|archive-date=6 August 2017}}</ref> He was inducted into the cabinet and was re-appointed to the same portfolio in the Government – as the Federal Minister for Finance<ref>{{cite news|title=PM Abbasi's cabinet takes oath|url=https://www.dawn.com/news/1349562|access-date=4 August 2017|last=Sanaullah Khan|work=DAWN|date=4 August 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20170804213932/https://www.dawn.com/news/1349562/pm-abbasis-cabinet-takes-oath|archive-date=4 August 2017}}</ref><ref>{{cite news|title=Pakistan's new PM forms cabinet; Ishaq Dar returns as finance minister|url=https://www.deccanchronicle.com/world/neighbours/040817/pakistans-new-pm-forms-cabinet-ishaq-dar-returns-as-finance-minister.html|access-date=4 August 2017|work=Deccan Chronicle|date=4 August 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20170804134819/http://www.deccanchronicle.com/world/neighbours/040817/pakistans-new-pm-forms-cabinet-ishaq-dar-returns-as-finance-minister.html|archive-date=4 August 2017}}</ref><ref>{{cite news|title=Pakistan Swears in New Federal Cabinet|url=http://newsweekpakistan.com/pakistan-swears-in-new-federal-cabinet/|access-date=4 August 2017|work=Newsweek Pakistan|date=4 August 2017|url-status=live|archive-url=https://web.archive.org/web/20170804174632/http://newsweekpakistan.com/pakistan-swears-in-new-federal-cabinet/|archive-date=4 August 2017}}</ref> however with lesser powers as Shahid Khaqan Abbasi in order to minimize the role of Dar in government affairs had bifurcated the Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatisation into three separate ministires by separating Statistics and Privatisation, with Dar heading ministry comprising three divisions – Finance, Revenue, Economic Affairs.<ref name="dawn/5sept2017">{{cite news|last1=Kiani|first1=Khaleeq|title=In his first month, Abbasi talks energy|url=https://www.dawn.com/news/1355748|access-date=19 December 2017|work=DAWN|date=5 September 2017|url-status=live|archive-url=https://web.archive.org/web/20171222073743/https://www.dawn.com/news/1355748|archive-date=22 December 2017}}</ref><ref>{{cite news|title=PM constitutes seven new ministries|url=http://nation.com.pk/05-Aug-2017/pm-constitutes-seven-new-ministries|access-date=25 November 2017|work=[[The Nation (Pakistan)|The Nation]]|url-status=live|archive-url=https://web.archive.org/web/20171125071717/http://nation.com.pk/05-Aug-2017/pm-constitutes-seven-new-ministries|archive-date=25 November 2017}}</ref><ref name="dawn/17aug2017" /><ref name="nation/17aug2017" /> He was removed from the chairmanship of major policymaking bodies such as the [[Economic Coordination Committee (Pakistan)|Economic Coordination Committee]]<ref>{{cite news|last1=Sherani|first1=Tahir|title=PM takes charge of ECC after removing Ishaq Dar as chairman|url=https://www.dawn.com/news/1350955|access-date=11 August 2017|work=DAWN|date=11 August 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20170811144859/https://www.dawn.com/news/1350955/pm-takes-charge-of-ecc-after-removing-ishaq-dar-as-chairman|archive-date=11 August 2017}}</ref><ref>{{cite news|title=Dar not to attend Pak-Russia Inter-Governmental Commission meeting|url=https://www.pakistantoday.com.pk/2017/11/22/dar-not-to-attend-pak-russia-inter-governmental-commission-meeting/|access-date=23 November 2017|work=Pakistan Today|date=23 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171124053842/https://www.pakistantoday.com.pk/2017/11/22/dar-not-to-attend-pak-russia-inter-governmental-commission-meeting/|archive-date=24 November 2017}}</ref> and the [[Council of Common Interests]].<ref>{{cite news|title=Dar replaced by Ahsan in CCI|url=https://tribune.com.pk/story/1557124/1|access-date=14 November 2017|work=The Express Tribune|date=13 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171114145358/https://tribune.com.pk/story/1557124/1-dar-removed-cci-replaced-ahsan-iqbal/|archive-date=14 November 2017}}</ref> On 20 August 2017 he was removed from the chairmanship of some 35 National Assembly committees by Shahid Khaqan Abbasi<ref>{{cite news|last1=Sarfraz Ali|title=PM Abbasi decides to remove Dar from chairmanship of 12 committees|url=https://en.dailypakistan.com.pk/business/pm-abbasi-decides-to-remove-dar-from-chairmanship-of-12-committees/|access-date=20 August 2017|work=[[Daily Pakistan]]|date=20 August 2017|url-status=live|archive-url=https://web.archive.org/web/20170820203200/https://en.dailypakistan.com.pk/business/pm-abbasi-decides-to-remove-dar-from-chairmanship-of-12-committees/|archive-date=20 August 2017}}</ref> thus further reducing Dar's influence.<ref>{{cite news|last1=Kiani|first1=Khaleeq|title=Can Abbasi leave a lasting impression?|url=https://www.dawn.com/news/1352860|access-date=21 August 2017|work=DAWN|date=21 August 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20170821035600/https://www.dawn.com/news/1352860/can-abbasi-leave-a-lasting-impression|archive-date=21 August 2017}}</ref> It was noted that the move to limit Dar to the Ministry of Finance only was made at the direction of the Sharif family.<ref>{{cite news|last1=Ghulam Abbas|title=Dar to lose revenue division after Akhtar's appointment|url=https://www.pakistantoday.com.pk/2017/08/29/dar-to-lose-revenue-division-after-akhtars-appointment/|access-date=30 August 2017|work=Pakistan Today|date=30 August 2017|url-status=live|archive-url=https://web.archive.org/web/20170830150826/https://www.pakistantoday.com.pk/2017/08/29/dar-to-lose-revenue-division-after-akhtars-appointment/|archive-date=30 August 2017}}</ref> In September 2017 a NAB court in Pakistan indicted Dar in the Panama Papers corruption case for having wealth beyond his known sources of income,<ref>{{cite news|title=Pak Finance Minister Ishaq Dar indicted in corruption case|url=http://www.thehindu.com/news/international/pak-finance-minister-ishaq-dar-indicted-in-corruption-case/article19761428.ece|access-date=27 September 2017|work=[[The Hindu]]|date=27 September 2017|language=en-IN|url-status=live|archive-url=https://web.archive.org/web/20171119093740/http://www.thehindu.com/news/international/pak-finance-minister-ishaq-dar-indicted-in-corruption-case/article19761428.ece|archive-date=19 November 2017}}</ref><ref>{{cite news|author=Khattak Inamullah|work=DAWN|title=NAB court indicts Ishaq Dar in corruption case, hearing to start Oct 4|url=https://www.dawn.com/news/1360358|access-date=27 September 2017|date=27 September 2017|url-status=live|archive-url=https://web.archive.org/web/20170927100021/https://www.dawn.com/news/1360358|archive-date=27 September 2017}}</ref> but, despite criticism from the opposition parties, he continued to serve as finance minister.<ref name="dawn/19nov2017" /> In October 2017 he fell ill while in Saudi Arabia and left for the United Kingdom for medical treatment.<ref>{{cite news|last1=Imran|first1=Mohammad|title=Ishaq Dar in London due to 'ill health', court issues bailable warrants for his arrest|url=https://www.dawn.com/news/1367236|access-date=14 November 2017|work=DAWN|date=30 October 2017|url-status=live|archive-url=https://web.archive.org/web/20171114202148/https://www.dawn.com/news/1367236|archive-date=14 November 2017}}</ref><ref>{{cite news|title=Ishaq Dar admitted in hospital for 'heart procedure'|url=https://www.geo.tv/latest/165892|access-date=14 November 2017|publisher=[[Geo News]]|url-status=live|archive-url=https://web.archive.org/web/20171114202014/https://www.geo.tv/latest/165892-dar-to-undergo|archive-date=14 November 2017}}</ref><br />
<br />
In November 2017 the court issued a non-bailable arrest warrant for him while he was in London<ref>{{cite news|title=Warrant issued for Dar's arrest|url=https://www.thenews.com.pk/print/244411|access-date=16 November 2017|work=The News|language=en|url-status=live|archive-url=https://web.archive.org/web/20171116024926/http://thenews.com.pk/print/244411-Warrant-issued-for-Dars-arrest|archive-date=16 November 2017}}</ref> for not appearing in court.<ref name="dawn/19nov2017">{{cite news|last1=Wasim|first1=Amir|title=Dar will decide himself whether to quit or not: PM spokesman|url=https://www.dawn.com/news/1371503|access-date=19 November 2017|work=Dawn|date=19 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171119093740/https://www.dawn.com/news/1371503/dar-will-decide-himself-whether-to-quit-or-not-pm-spokesman|archive-date=19 November 2017}}</ref> It was reported that he may lose his ministerial portfolio due to the corruption case against him<ref>{{cite news|title=Ishaq Dar likely to lose ministerial slot|url=http://nation.com.pk/14-Nov-2017/ishaq-dar-likely-to-lose-ministerial-slot|access-date=14 November 2017|work=The Nation|url-status=live|archive-url=https://web.archive.org/web/20171114054308/http://nation.com.pk/14-Nov-2017/ishaq-dar-likely-to-lose-ministerial-slot|archive-date=14 November 2017}}</ref> on the grounds that he has become ineffective and unable to carry out the responsibilities of a Minister.<ref name="pakistantoday/16nov2017">{{cite news|title=Ahsan Iqbal likely to take charge of Finance Ministry|url=https://profit.pakistantoday.com.pk/2017/11/16/ahsan-iqbal-likely-to-replace-ishaq-dar-as-finance-minister/|archive-url=https://web.archive.org/web/20171127100223/https://profit.pakistantoday.com.pk/2017/11/16/ahsan-iqbal-likely-to-replace-ishaq-dar-as-finance-minister/|url-status=dead|archive-date=27 November 2017|access-date=16 November 2017|work=Pakistan Today|date=16 November 2017}}</ref><ref>{{cite news|title=Ahsan Iqbal all set to wear three hats|url=https://tribune.com.pk/story/1559543/1-ahsan-iqbal-verge-becoming-finance-minister/|access-date=16 November 2017|work=The Express Tribune|date=15 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171119093740/https://tribune.com.pk/story/1559543/1-ahsan-iqbal-verge-becoming-finance-minister/|archive-date=19 November 2017}}</ref> On 21{{nbsp}}November a court declared him an absconder.<ref>{{cite news|last1=Imran|first1=Mohammad|title=Accountability court declares Ishaq Dar an absconder|url=https://www.dawn.com/news/1371931|access-date=21 November 2017|work=DAWN|date=21 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171121092015/https://www.dawn.com/news/1371931/accountability-court-declares-ishaq-dar-an-absconder|archive-date=21 November 2017}}</ref> Amid the rumors that he had already resigned from the ministerial office due to pressure and criticism,<ref>{{cite news|title=The PM must ask Dar to resign|url=https://dailytimes.com.pk/143967|access-date=23 November 2017|work=Daily Times|date=21 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171121022549/https://dailytimes.com.pk/143967/pm-must-ask-dar-resign/|archive-date=21 November 2017}}</ref><ref>{{cite news|title=PM 'running' finance ministry for now|url=http://nation.com.pk/19-Nov-2017/pm-running-finance-ministry-for-now?show=preview|access-date=19 November 2017|work=The Nation|url-status=live|archive-url=https://web.archive.org/web/20171119093739/http://nation.com.pk/19-Nov-2017/pm-running-finance-ministry-for-now?show=previewutm_medium=PoliticsNewz|archive-date=19 November 2017}}</ref> he on 22{{nbsp}}November vacated the ministerial office of Finance<ref name="dawn/23nov2017">{{cite news|last1=Khan|first1=Mubarak Zeb|title=Curtains for Dar after finance job taken away|url=https://www.dawn.com/news/1372330|access-date=23 November 2017|work=DAWN|date=23 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171123074825/https://www.dawn.com/news/1372330/curtains-for-dar-after-finance-job-taken-away|archive-date=23 November 2017}}</ref> after taking a medical leave<ref name="tribune/22nov2017">{{cite news|title=Finance Minister Ishaq Dar granted 'indefinite' sick leave, relieved of his duties|url=https://tribune.com.pk/story/1565767/1|access-date=23 November 2017|work=The Express Tribune|date=22 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171123074825/https://tribune.com.pk/story/1565767/1-finance-minister-ishaq-dar-granted-sick-leave-relieved-duties/|archive-date=23 November 2017}}</ref> His cabinet portfolio of Finance Minister was withdrawn<ref name="dawn/27nov2017" /> however, he continued to remain a member of the federal cabinet<ref name="tribune/24nov2017">{{cite news|title=An exit foretold|url=https://tribune.com.pk/story/1566635/6|access-date=24 November 2017|work=The Express Tribune|date=24 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171124053843/https://tribune.com.pk/story/1566635/6-an-exit-foretold/|archive-date=24 November 2017}}</ref><ref name="dawn/23nov2017" /> as a federal minister without portfolio.<ref name="tribune/22nov2017" /> It was noted that Dar has refused to leave the Finance Ministry and that he took a temporary medical leave for three months after which he may retook the office upon his return to Pakistan.<ref>{{cite news|title=Dar's dilemma|url=https://dailytimes.com.pk/146652|access-date=25 November 2017|work=Daily Times|date=25 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171125071717/https://dailytimes.com.pk/146652/dars-dilemma/|archive-date=25 November 2017}}</ref> During his third tenure as Finance Minister, he has been credited for stabilizing the economy of Pakistan<ref>{{cite news|title=Special report: At the crossroads 2013-2017|url=https://www.dawn.com/news/1375944/special-report-at-the-crossroads-2013-2017|access-date=16 December 2017|work=DAWN|date=16 December 2017|url-status=live|archive-url=https://web.archive.org/web/20171216151028/https://www.dawn.com/news/1375944/special-report-at-the-crossroads-2013-2017|archive-date=16 December 2017}}</ref><ref>{{cite news|last1=Farhan Bokhari|first1=Amy Kazmin|title=Nawaz Sharif ousted as Pakistan's premier in corruption case|url=https://www.ft.com/content/b5b046de-7368-11e7-aca6-c6bd07df1a3c|access-date=28 November 2017|work=Financial Times|date=28 July 2017|url-status=live|archive-url=https://web.archive.org/web/20171011024240/https://www.ft.com/content/b5b046de-7368-11e7-aca6-c6bd07df1a3c|archive-date=11 October 2017}}</ref> for three years after 2013;<ref name="dawn/27nov2017" /><ref name="tribune/22nov2017" /><ref>{{cite news|last1=Haider|first1=Mehtab|title=Missing in action|url=https://www.thenews.com.pk/magazine/money-matters/243749-|access-date=23 November 2017|work=The News|language=en|url-status=live|archive-url=https://web.archive.org/web/20171119054914/https://www.thenews.com.pk/magazine/money-matters/243749-Missing-in-action|archive-date=19 November 2017}}</ref> in particularly steering country out of balance of payments crisis in 2013.<ref>{{cite news|last1=Syed Raza Hassan|title=Pakistan searches for new finance minister after Dar relieved of duties|url=https://www.reuters.com/article/idUSKBN1DN1I1|access-date=28 November 2017|publisher=Reuters|date=26 September 2017|url-status=live|archive-url=https://web.archive.org/web/20171126065503/https://www.reuters.com/article/us-pakistan-finmin/pakistan-searches-for-new-finance-minister-after-dar-relieved-of-duties-idUSKBN1DN1I1|archive-date=26 November 2017}}</ref><ref>{{cite news|title=How Pakistan's Prime Minister Nawaz Sharif was brought down by a font|url=http://dev.independent.co.uk/news/world/asia/pakistan-prime-minister-nawaz-sharif-corruption-supreme-court-disqualified-oust-kicked-out-charges-a7864116.html|access-date=28 November 2017|work=The Independent|date=28 July 2017|url-status=live|archive-url=https://web.archive.org/web/20171128090330/http://dev.independent.co.uk/news/world/asia/pakistan-prime-minister-nawaz-sharif-corruption-supreme-court-disqualified-oust-kicked-out-charges-a7864116.html|archive-date=28 November 2017}}</ref><ref>{{cite news|title=Pakistan's Supreme Court disqualifies Finance Minister Ishaq Dar: media|url=https://www.reuters.com/article/idUSKBN1AD0V6|access-date=24 November 2017|publisher=Reuters|url-status=live|archive-url=https://web.archive.org/web/20171002120022/https://www.reuters.com/article/us-pakistan-politics-finmin/pakistans-supreme-court-disqualifies-finance-minister-ishaq-dar-media-idUSKBN1AD0V6|archive-date=2 October 2017}}</ref> The economic policies of Dar, referred to by some as Darnomics,<ref>{{cite news|last1=Bokhari|first1=Farhan|title='Darnomics' legacy|url=https://www.dawn.com/news/1373028|access-date=5 December 2017|work=DAWN|date=27 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171206005850/https://www.dawn.com/news/1373028|archive-date=6 December 2017}}</ref><ref>{{cite news|title=Darnomics all the way|url=https://www.pakistantoday.com.pk/2017/08/06/darnomics-all-the-way/|access-date=5 December 2017|work=Pakistan Today|url-status=live|archive-url=https://web.archive.org/web/20171205150518/https://www.pakistantoday.com.pk/2017/08/06/darnomics-all-the-way/|archive-date=5 December 2017}}</ref> were commended by international media and economic experts for reviving economy of Pakistan<ref name="thenews/24nov2017">{{cite news|title=Global media, experts praise Dar's work to uplift Pak economy|url=https://www.thenews.com.pk/print/248222|access-date=24 November 2017|work=The News|date=24 November 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20171124023741/https://www.thenews.com.pk/print/248222-global-media-experts-praise-dar-s-work-to-uplift-pak-economy|archive-date=24 November 2017}}</ref> however at the same time were criticised by the opposition political parties during Dar's time in office<ref name="nation/23nov2017">{{cite news|title=Economy demonstrates vibrant performance: Finance ministry|url=http://nation.com.pk/23-Nov-2017/economy-demonstrates-vibrant-performance-finance-ministry|access-date=23 November 2017|work=The Nation|date=23 November 2017|url-status=live|archive-url=https://web.archive.org/web/20171123074825/http://nation.com.pk/23-Nov-2017/economy-demonstrates-vibrant-performance-finance-ministry|archive-date=23 November 2017}}</ref> such as for having obtained $35{{nbsp}}billion in foreign loans and for manipulating statistics to show a better economic performance for the country.<ref name="tribune/22nov2017" /> In December 2017, An accountability court declared Dar a proclaimed offender in a corruption case after he repeatedly failed to appear before the court<ref>{{cite news |title=Ishaq Dar declared proclaimed offender in NAB reference {{!}} The Express Tribune |url=https://tribune.com.pk/story/1581295/1-medical-reports-submitted-dar-incongruent-nab-prosecutor/ |access-date=10 July 2018 |work=The Express Tribune |date=11 December 2017}}</ref> and subsequently was called fugitive by the court.<ref>{{Cite web|url=https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/7388-pakistan-court-declares-finance-minister-a-fugitive|title=Pakistan Court Declares Finance Minister a Fugitive}}</ref><br />
<br />
On 26 December, Prime Minister Abbasi elevated his special assistant on Economic Affairs [[Miftah Ismail]] as his Adviser on Finance, Revenue and Economic Affairs with the status of a federal minister<ref>{{cite news|last1=Khan|first1=Mubarak Zeb|title=New finance team enters with heavy agenda|url=https://www.dawn.com/news/1379078|access-date=27 December 2017|work=DAWN|date=27 December 2017|url-status=live|archive-url=https://web.archive.org/web/20171227062822/https://www.dawn.com/news/1379078|archive-date=27 December 2017}}</ref><ref name="nation/27dec2017">{{cite news|last1=Imran Ali|first1=Kundi|title=Rana Afzal takes oath as state minister for finance|url=http://nation.com.pk/27-Dec-2017/rana-afzal-takes-oath-as-state-minister-for-finance|access-date=27 December 2017|work=The Nation|date=27 December 2017|url-status=live|archive-url=https://web.archive.org/web/20171227115330/http://nation.com.pk/27-Dec-2017/rana-afzal-takes-oath-as-state-minister-for-finance|archive-date=27 December 2017}}</ref> as successor of Dar.<ref>{{cite news|title=Pakistan appoints economist to head finance ministry in run-up to election|url=http://gulfnews.com/1.2147931|access-date=28 December 2017|work=[[Gulf News]]|date=27 December 2017}}</ref><ref>{{cite news|title=New stewardship of finance ministry|url=https://tribune.com.pk/story/1594405/1|access-date=28 December 2017|work=The Express Tribune|date=28 December 2017|url-status=live|archive-url=https://web.archive.org/web/20180220045838/https://tribune.com.pk/story/1594405/1/|archive-date=20 February 2018}}</ref> Abbasi continued to hold the ministerial office of Finance.<ref>{{cite news|title=A rapid fire round with MNA Rana Afzal – Minister of State for Finance|url=https://www.brecorder.com/2018/01/05/390874/|access-date=6 January 2018|work=[[Business Recorder]]|date=5 January 2018|url-status=live|archive-url=https://web.archive.org/web/20180220045836/https://www.brecorder.com/2018/01/05/390874/|archive-date=20 February 2018}}</ref><br />
<br />
===Post-ministerial career===<br />
In February 2018, the name of Dar was shortlisted by PML-N amongst the candidate for [[Pakistani Senate election, 2018|March 2018 Senate election]]<ref>{{cite news|last1=Wasim|first1=Amir|title=Dar among PML-N candidates for Senate polls|url=https://www.dawn.com/news/1387807|access-date=7 February 2018|work=DAWN|date=7 February 2018|url-status=live|archive-url=https://web.archive.org/web/20180207053606/https://www.dawn.com/news/1387807|archive-date=7 February 2018}}</ref> after which Dar filed his nomination papers for a general seat and a technocrat seat in the Senate.<ref name="tribune/17feb2018" /> However the [[Election Commission of Pakistan]] rejected his nomination papers.<ref>{{cite news|title=ECP rejects Ishaq Dar's Senate nomination papers|url=https://www.geo.tv/latest/181580|access-date=12 February 2018|work=geo.tv|url-status=live|archive-url=https://web.archive.org/web/20180220045836/https://www.geo.tv/latest/181580|archive-date=20 February 2018}}</ref><ref>{{cite news|title=Ishaq Dar's Senate nomination papers rejected: ECP - The Express Tribune|url=https://tribune.com.pk/story/1632929/1|access-date=12 February 2018|work=The Express Tribune|date=12 February 2018|url-status=live|archive-url=https://web.archive.org/web/20180220045838/https://tribune.com.pk/story/1632929/1/|archive-date=20 February 2018}}</ref> On 17 February, Lahore High Court granted permission to Dar to participate in the Senate elections.<ref name="tribune/17feb2018">{{cite news|title=LHC grants Ishaq Dar permission to contest Senate elections - The Express Tribune|url=https://tribune.com.pk/story/1637376/1|access-date=17 February 2018|work=The Express Tribune|date=17 February 2018|url-status=live|archive-url=https://web.archive.org/web/20180220045838/https://tribune.com.pk/story/1637376/1/|archive-date=20 February 2018}}</ref> On 22 February, the [[Election Commission of Pakistan]] declared all PML-N candidates for the Senate election as independent after a ruling of the Supreme Court.<ref>{{cite news|title=PML-N's Senate nominees to contest election as independent candidates, says ECP|url=https://www.dawn.com/news/1391004|access-date=22 March 2018|work=DAWN.COM|date=22 February 2018}}</ref> On 3 March 2018, he was re-elected to the Senate as an independent candidate on technocrat seat from Punjab<ref>{{cite news|title=LIVE: PML-N-backed independent candidates lead in Punjab, PPP in Sindh - The Express Tribune|url=https://tribune.com.pk/story/1649842/1-live-polling-begins-52-senate-seats/|access-date=3 March 2018|work=The Express Tribune|date=3 March 2018}}</ref><ref>{{cite news|last1=Khan|first1=Iftikhar A.|title=PML-N gains Senate control amid surprise PPP showing|url=https://www.dawn.com/news/1393083/pml-n-gains-senate-control-amid-surprise-ppp-showing|access-date=4 March 2018|work=DAWN.COM|date=4 March 2018}}</ref> with the backing by PML-N.<ref>{{cite news|title=PML-N backed candidates win 15 seats in Senate Elections|url=https://en.dailypakistan.com.pk/headline/polling-for-52-senate-seats-set-to-begin-shortly/|access-date=22 March 2018|work=Daily Pakistan Global}}</ref> On 12 March 2018, he ceased to hold the position of a federal minister due to expiration of his Senate term.<ref>{{cite news|title=Dar, Michael, Kareem no more ministers|url=https://www.thenews.com.pk/print/292631-dar-michael-kareem-no-more-ministers|access-date=24 March 2018|work=The News|date=15 March 2018|language=en}}</ref><br />
<br />
In May 2018, the Supreme Court ordered the ECP to suspend the notification of Senator-elect Dar as member of the Senate for his failure to appear before the court.<ref>{{cite news |title=Pakistan Election Commission suspends PML-N leader Ishaq Dar's senate membership |url=https://www.financialexpress.com/world-news/pakistan-election-commission-suspends-pml-n-leader-ishaq-dars-senate-membership/1226276/ |access-date=10 July 2018 |work=The Financial Express |date=30 June 2018}}</ref> As of June 2018, he did not take oath of Senator. In June 2018, the ECP suspended the Senate membership of Dar.<ref>{{cite news |title=ECP suspends Dar's Senate membership |url=https://nation.com.pk/30-Jun-2018/ecp-suspends-dar-s-senate-membership |access-date=10 July 2018 |work=The Nation |date=30 June 2018}}</ref> On 10 July, the Supreme Court ordered Dar to appear before court within three days.<ref>{{cite news |title=SC orders Dar to appear within three days |url=https://www.dawn.com/news/1419052/sc-orders-dar-to-appear-within-three-days |access-date=10 July 2018 |work=DAWN.COM |date=10 July 2018}}</ref> Interpol Red Notice for Dar was issued by the government of Pakistan on 14 July to bring him back to Pakistan.<ref>{{cite news |title=Red Warrants for Ishaq Dar issued, SC told |url=https://www.thenews.com.pk/latest/341637-red-warrants-for-ishaq-dar-issued-sc-told |access-date=14 July 2018 |work=The News |date=14 July 2018 |language=en}}</ref><br />
<br />
In August 2018, the NAB approved an inquiry into a graft case against Dar for illegally awarding a Next Generation Mobile Services contract and for committing alleged financial irregularities.<ref>{{cite news |title=Day of wholesale inquiries: NAB initiates massive action |url=https://www.thenews.com.pk/print/350323-day-of-wholesale-inquiries-nab-initiates-massive-action |access-date=4 August 2018 |work=The News |date=4 August 2018 |language=en}}</ref><ref>{{cite news |title=NAB authorises inquiries against two ex-ministers {{!}} The Express Tribune |url=https://tribune.com.pk/story/1772884/1-nab-authorises-inquiries-two-ex-ministers/ |access-date=4 August 2018 |work=The Express Tribune |date=4 August 2018}}</ref> In September, his passport was cancelled by the government of Pakistan making him a [[stateless person]].<ref>{{Cite web|url=https://www.thenews.com.pk/latest/366173-ishaq-dar-stateless-in-london-after-diplomatic-passport-cancelled|title = Ishaq Dar stateless in London after diplomatic passport cancelled}}</ref><ref>{{cite news |title=Govt cancels Dar's diplomatic passport {{!}} The Express Tribune |url=https://tribune.com.pk/story/1798789/1-govt-cancels-dars-passport/ |access-date=9 September 2018 |work=The Express Tribune |date=9 September 2018}}</ref> The same month, a British parliamentary team rejected an online petition seeking the deportation of Dar on the ground that there is no extradition treaty between the two countries.<ref>{{cite news |title=Britain rejects Pak's petition to deport Ishaq Dar |url=https://nation.com.pk/14-Sep-2018/britain-rejects-paks-petition-to-deport-ishaq-dar |access-date=14 September 2018 |work=The Nation |date=14 September 2018}}</ref><ref>{{cite news |title=UK rejects online petition seeking Ishaq Dar's deportation |url=https://www.geo.tv/latest/211208-uk-rejects-online-petition-seeking-ishaq-dars-deportation |access-date=16 September 2018 |work=Geo News |date=14 September 2018}}</ref><br />
<br />
On 2 October 2018, an accountability court allowed the government to auction the assets of Dar in Pakistan.<ref>{{cite news |title=Court orders auction of Dar's properties {{!}} The Express Tribune |url=https://tribune.com.pk/story/1816237/1-accountability-court-orders-auction-dars-assets/ |access-date=3 October 2018 |work=The Express Tribune |date=2 October 2018}}</ref> On 16 October, NAB confiscated three properties owned by Dar, his spouse and son.<ref>{{cite news |last1=Bhatti |first1=Haseeb |title=Dar's property confiscated, efforts to extradite him underway, SC told |url=https://www.dawn.com/news/1439393 |access-date=16 October 2018 |work=DAWN.COM |date=16 October 2018}}</ref><br />
<br />
In June 2019, he applied for [[political asylum]] in the [[United Kingdom]].<ref>{{cite web| url=https://www.pakistantoday.com.pk/2019/06/19/ishaq-dar-applies-for-political-asylum-in-uk/| title=Ishaq Dar applies for political asylum in UK: report| date=19 June 2019| website=pakistantoday.com.pk| url-status=live| archive-date=1 December 2020| archive-url=https://web.archive.org/web/20201201152846/https://www.pakistantoday.com.pk/2019/06/19/ishaq-dar-applies-for-political-asylum-in-uk/}}</ref><br />
<br />
==Personal life==<br />
Dar belongs to a family of [[Kashmiris of Punjab|Kashmiri origin]].<ref>{{cite news|url=http://archive.indianexpress.com/news/as-nawaz-sharif-becomes-pm-kashmir-gets-voice-in-pakistan-power-circuit/1125778/|title=As Nawaz Sharif becomes PM, Kashmir gets voice in Pakistan power circuit|work=The Indian Express|date=6 June 2013|access-date=30 August 2017|first=Muzamil|last=Jaleel|url-status=live|archive-url=https://web.archive.org/web/20160304231702/http://archive.indianexpress.com/news/as-nawaz-sharif-becomes-pm-kashmir-gets-voice-in-pakistan-power-circuit/1125778/|archive-date=4 March 2016}}</ref> He is considered a trusted loyalist of the [[Sharif family]].<ref>{{cite news|title=Political parties being run as family limited companies |url=https://www.thenews.com.pk/archive/amp/620738|access-date=21 January 2017|work=The News |date=6 March 2012 |language=en |url-status=bot: unknown |archive-url=https://web.archive.org/web/20170121142127/https://www.thenews.com.pk/archive/amp/620738-political-parties-being-run-as-family-limited-companies |archive-date=21 January 2017 }}</ref><ref name="dawn/13nov2009">{{cite news|title=Sharifs used paper mill to whiten money, Dar told court in 2000 |url=http://www.dawn.com/news/848873 |access-date=4 January 2017 |work=DAWN |date=13 November 2009 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20170121082400/http://www.dawn.com/news/848873 |archive-date=21 January 2017 }}</ref> In 2004 Dar's eldest son married Nawaz Sharif's daughter Asma Nawaz in [[Jeddah]], [[Saudi Arabia]].<ref>{{cite news|title=Dar gets PM's mandate |url=https://dailytimes.com.pk/75677|access-date=8 October 2016 |work=Daily Times |last1=Shahzad Raza |date=15 June 2016 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029093624/http://dailytimes.com.pk/pakistan/15-Jun-16/dar-gets-pms-mandate |archive-date=29 October 2016 }}</ref><ref>{{cite news|last1=Iqbal|first1=Abdullah |title=Wedding bells for Nawaz son, daughter |url=http://gulfnews.com/1.323632|access-date=14 October 2016 |work=Gulf News |date=29 May 2004 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20161029093644/http://gulfnews.com/news/asia/pakistan/wedding-bells-for-nawaz-son-daughter-1.323632 |archive-date=29 October 2016 }}</ref><br />
<br />
Dar runs two charitable organisations as well. These trusts reportedly work to provide shelter to the homeless, help financially deprived students, and arrange mass marriage events for needy couples.<ref name="dawn/25april2013" /><br />
<br />
Dar has declared worth of his assets standing at ₨583 million and investment of ₨325 million in Pakistan Investment Bonds.<ref>{{cite web|author1=Irfan Ghauri|author2=Qadeer Tanoli|title=Assets details: Nawaz retains status of a billionaire|url=https://tribune.com.pk/story/1436754/a|work=[[The Express Tribune]]|access-date=19 August 2017|date=16 June 2017|url-status=live|archive-url=https://web.archive.org/web/20170731160728/https://tribune.com.pk/story/1436754/__trashed-118/|archive-date=31 July 2017}}</ref> According to a report, Dar has invested £5.5 million in the [[United Arab Emirates]].<ref>{{cite news|last1=Sheikh|first1=Idrees|title=NAB summons Ishaq Dar on August 22 for inquiry into his assets and funds|url=https://www.dawn.com/news/1352766|access-date=20 August 2017|work=DAWN|date=20 August 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20170820121245/https://www.dawn.com/news/1352766|archive-date=20 August 2017}}</ref> He was accused of owning undeclared property in Pakistan, the UAE and the [[United States]].<ref>{{cite news|title=Pakistan finance minister Ishaq Dar steps down after facing graft charges|url=https://www.hindustantimes.com/story-AQwIgPhNnYcOBlmgiWidCJ.html|access-date=19 November 2017|work=[[Hindustan Times]]|date=18 November 2017|language=en|url-status=dead|archive-url=https://web.archive.org/web/20171118202352/http://www.hindustantimes.com/world-news/pakistan-finance-minister-ishaq-dar-steps-down-after-facing-graft-charges/story-AQwIgPhNnYcOBlmgiWidCJ.html|archive-date=18 November 2017}}</ref><br />
<br />
In July 2017, it was reported in several Pakistani media outlets that Dar has secretly wed [[Marvi Memon]].<ref>{{cite news|title=Marvi Memon's volte face on PML-N leadership reveals fissures in party|url=https://www.pakistantoday.com.pk/2018/03/24/marvi-memons-volte-face-on-pml-n-leadership-reveal-fissures-in-party-ranks/|access-date=25 March 2018|work=Pakistan Today|date=25 March 2018}}</ref><ref>{{cite news|title=Marvi Memon 'secretly married Ishaq Dar for Rs 1.5 billion haq meher'|url=https://en.dailypakistan.com.pk/pakistan/marvi-memon-secretly-married-ishaq-dar-for-rs1-5-billion-haq-meher/|access-date=25 March 2018|work=Daily Pakistan Global}}</ref><br />
<br />
==References==<br />
{{Reflist|30em}}<br />
{{s-start}}<br />
{{s-off}}<br />
{{s-bef|before=Sadiq N. K. Awan}}<br />
{{s-ttl|title=Minister for Industries and Investment|years=1997}}<br />
{{s-aft|after=[[Khalid Maqbool Siddiqui]]}}<br />
|-<br />
{{s-bef|before=[[Ahmad Mukhtar]]}}<br />
{{s-ttl|title=[[Commerce Minister of Pakistan|Minister for Commerce]]|years=1997—1999}}<br />
{{s-aft|after=[[Abdul Razak Dawood]]}}<br />
|-<br />
{{s-bef|before=[[Sartaj Aziz]]}}<br />
{{s-ttl|title=[[Finance Minister of Pakistan|Minister for Finance]]|years=1998—1999}}<br />
{{s-aft|after=[[Shaukat Aziz]]}}<br />
|-<br />
{{s-bef|before=[[Salman Shah]]<br>{{small|Acting}}}}<br />
{{s-ttl|title=[[Finance Minister of Pakistan|Minister for Finance]]|years=2008—2008}}<br />
{{s-aft|after=[[Naveed Qamar]]}}<br />
|-<br />
{{s-bef|before=[[Abdul Ghafoor Haideri]]}}<br />
{{s-ttl|title=Leader of the Opposition in the [[Senate of Pakistan|Senate]]|years=2012—2013}}<br />
{{s-aft|after=[[Aitzaz Ahsan]]}}<br />
|-<br />
{{s-bef|before=[[Mir Hazar Khan Khoso]]<br>{{small|Acting}}}}<br />
{{s-ttl|title=[[Finance Minister of Pakistan|Minister for Finance]]|years=2013—2017}}<br />
{{s-aft|after=[[Miftah Ismail]]<br>{{small|as adviser to the prime minister on finance}}}}<br />
{{s-end}}<br />
{{Portal bar|Biography|Pakistan|Politics}}<br />
<br />
{{Finance Minister of Pakistan}}<br />
{{Gillani Cabinet}}<br />
{{Sharif III Cabinet}}<br />
{{Abbasi Cabinet}}<br />
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{{DEFAULTSORT:Dar, Ishaq}}<br />
[[Category:Living people]]<br />
[[Category:1950 births]]<br />
[[Category:Pakistani accountants]]<br />
[[Category:Pakistani expatriates in Libya]]<br />
[[Category:Pakistani expatriates in the United Kingdom]]<br />
[[Category:Pakistani prisoners and detainees]]<br />
[[Category:Politicians from Lahore]]<br />
[[Category:Pakistani MNAs 1993–1996]]<br />
[[Category:Pakistani MNAs 1997–1999]]<br />
[[Category:Pakistani people of Kashmiri descent]]<br />
[[Category:Pakistani senators (14th Parliament)]]<br />
[[Category:Pakistan Muslim League (N) MNAs]]<br />
[[Category:Finance Ministers of Pakistan]]<br />
[[Category:Government College University, Lahore alumni]]<br />
[[Category:Hailey College of Commerce alumni]]<br />
[[Category:World Bank people]]<br />
[[Category:Recipients of Nishan-e-Imtiaz]]<br />
[[Category:Pakistani officials of the United Nations]]<br />
[[Category:Fugitives wanted by Pakistan]]<br />
[[Category:Pakistani politicians convicted of corruption]]<br />
[[Category:Pakistani exiles]]<br />
[[Category:Stateless people]]<br />
[[Category:Pakistani Muslims]]</div>103.167.159.230