ISLAMABAD: Asad Umar, who recently rejoined the federal cabinet as the minister for planning and development, on Wednesday stepped down as the chairman of the National Assembly Standing Committee on Finance. The development took place during a session of the committee in parliament today and in the wake of Asad Umar’s new appointment. National Assembly Speaker Asad Qaiser accepted the resignation. Umar, being a federal minister, will no longer be part of the committee. The committee members unanimously voted in PTI MNA Faizullah Kamoka as the new chairman. His name had been recommended by PPP information secretary Dr Nafisa Shah and endorsed by PTI MNA Sardar Nasrullah Khan Dareshak. “As the chairman of this committee, I will take all its members forward together,” said Kamoka, as he thanked the committee for their vote of confidence. The committee members paid tribute to Umar for having served the committee dutifully. A resolution to pay tribute to him was also passed by the committee. Umar had previously served as the finance minister for about eight months, from Aug 20 last year to April 18 this year. At the time of his removal from the finance ministry, the prime minister had offered him the portfolio of petroleum minister, but he had declined, saying he would work for the party from outside the cabinet. Former finance minister Asad Umar made his way back to the federal cabinet on Tuesday as he was sworn in as the minister for planning and development. Arif Alvi administered the oath to the PTI MNA from Islamabad at a ceremony at Aiwan-i-Sadr. His predecessor in the planning ministry Makhdoom Khusro Bakhtiar was given the portfolio of minister for national food security, which was previously held by Sahibzada Mehboob Sultan, sources said. Mr Sultan has now been made the federal minister for States and Frontier Regions, the ministry that was previously headed by Shehryar Afridi as a minister of state. Special Assistant to the Prime Minister on Information Dr Firdous Ashiq Awan had stated in a tweet on Monday that Mr Umar would replace Mr Bakhtiar as minister for planning and development while the latter would be given the portfolio of petroleum minister. Mr Umar served as the finance minister for about eight months, from Aug 20 last year to April 18 this year. At the time of his removal from the finance ministry, the prime minister had offered him the portfolio of petroleum minister, but he had declined, saying he would work for the party from outside the cabinet. According to the sources, more changes are expected to be made in the cabinet in the next few days. Former minister finance minister Asad Umar will make a return to the federal cabinet as the minister for planning and special initiatives, the government chief spokesperson Firdous Ashiq Awan announced on Monday. She said as part of an expansion in the cabinet, Khusro Bakhtiar, who was until now serving as the minister for planning and development, will be made the federal minister for petroleum. The petroleum and natural resources portfolio was held by Ghulam Sarwar Khan until the cabinet reshuffle in April. A notification announcing the latest changes will be issued soon, Awan added. PTI stalwart Asad Umar had stepped down as the finance minister in April, telling a news conference that it was time to take some “difficult decisions” to stabilise the economy. At the time, Umar had announced that he had obtained Prime Minister Imran Khan’s consent “to not take any cabinet position”.