The newly-appointed finance adviser can even have the cost of Income and Financial Affairs Division.
Sheikh’s designation can be at par with that of a federal minister.
Sheikh, a Pakistani political economist of worldwide reputation with over 30 years of expertise, has served because the finance minister from 2010 to 2013.
In 2012, he grew to become an energetic member of Pakistan Peoples Get together and efficiently contested within the 2012 senate elections.
After leaving the federal government, Sheikh was common companion of a world funding firm, headquartered in New York, which arrange a $1.38 Billion fund for investments in Asia.
Sheikh replaces Asad Umar who stepped down from his submit as Finance Minister on Thursday after eight months in cost.
The resignation by the finance minister adopted sacking of Petroleum Minister Ghulam Sarwar over unsatisfactory efficiency, in line with sources.