Pakistan's finance minister says he will formally resign from role

FILE PHOTO: Miftah Ismail, Pakistan's Federal Minister for Finance and Revenue, speaks during an interview with Reuters in Islamabad, Pakistan, September 18, 2022. REUTERS/Salahuddin

ISLAMABAD (Reuters) -Pakistan's finance minister Miftah Ismail said on Sunday he planned to formally resign from the role, a change that comes as the country grapples with an economic crisis exacerbated by destructive flooding.

"I have verbally resigned as Finance Minister," Ismail said in a Tweet, adding that he had signalled his plans to the country's Prime Minister Shehbaz Sharif during a meeting. "I will tender a formal resignation upon reaching Pakistan," he added.