Dr Abdul Hafeez Sheikh also working for an Indian investment firm as ‘active partner’

12:16 PM | 19 Apr, 2019
Dr Abdul Hafeez Sheikh also working for an Indian investment firm as ‘active partner’
ISLAMABAD – Pakistan’s newly appointed Adviser on Finance Dr Abdul Hafeez Sheikh is also working for an Indian investment firm as an ‘active partner’, the company’s website shows.

According to details, the Indian investment firm, New Silk Route (NSR) or New Silk Route Partners LLC is a $1.4-billion private equity firm that invests in private companies in India, Asia, and the Middle East.

Initially named as Taj Capital, the New Silk Route (NSR) named Dr Abdul Hafeez Sheikh as one of its founding team members.

The NSR website reveals the title of Abdul Hafeez Shaikh’s portfolio as:

Abdul Sheikh, General Partner, New Silk Route Partners LLC, with his brief career history as Minister Finance for the Islamic Republic of Pakistan from 6/2010 to 3/2013 and Adviser: Finance from 3/2010 to 6/2010.

The website mentioned his name as ‘General Partner’ in the Indian firm from 3/2013 till present.

However, Dr Sheikh’s name and picture were removed after Prime Minister Imran Khan approved reallocation of portfolios in the federal cabinet and new appointments, including that of Dr Abdul Hafeez Sheikh as Adviser on Finance.

Meanwhile, the world’s top search engine WIKIPEDIA still reveals Dr Abdul Hafeez Sheikh, 20th finance minister of Pakistan, on top of the list as founding team member (alphabetically).

Abdul Hafeez Sheikh appointed adviser on finance 10:07 PM | 18 Apr, 2019

ISLAMABAD - Pakistan Tehreek-e-Insaf -led federal government has appointed Abdul Hafeez Sheikh as the adviser on ...

Dr Abdul Hafeez Sheikh’s appointment came after Asad Umar stepped down as Finance Minister, refusing to be allocated the portfolio of energy but placing his trust in Imran Khan for ‘Naya Pakistan’ (New Pakistan).