The comment had earned him the ire of PDP, opposition, separatists as well trade bodies from J&K.
Meanwhile, official handle of PDP on twitter reacted on the statement and said, " Party recognizes J&K as a political issue & ever since its emergence has relentlessly been pursuing its resolution through reconciliation & dialogue.
He said that after several meetings and deliberations, Drabu and his friend joined JKLF and worked with us for many months.
Drabu was a key PDP pointsman in setting the contours of its alliance with the BJP in 2015.
"He didn't mend his arrogant ways despite warnings".
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"The decision (to drop him) was taken by the chief minister on Monday".
"Don't see Jammu and Kashmir as a conflict state and a political issue, it is a society which has social issues right now".
Muhammad Yasin Malik in statement issued in Srinagar, while reacting to the assertions of PDP leader and puppet minister Haseeb Drabu, which he made during a conclave organized by Indian PHD Chamber of Commerce and Industry in New Delhi, said that people like Drabu had no ideology, faith and ethics but were always ready to represent their clients' wishes and whims.
His statement had set off a political storm in the state.
Drabu later retracted his statement, claiming to be misinterpreted.
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With Drabu out of the finance ministry, the race for the coveted portfolio began with the chief minister's trusted aide and Works Minister Naeem Akhtar and Education Minister Altaf Bukhari being seen as front-runners.
"It is a setback to the alliance", the BJP leader, who spoke on the condition of anonymity, said. Drabu was one of the point person in the discussions between the two sides and was instrumental in getting the two parties together to form the government.
A senior party leader while talking to KNS confirmed Drabu's removal.
"I am hugely relieved", a sitting MLA of the PDP told Firstpost. Mehbooba Mufti should explain. Sources said the party workers had complained that the former finance minister was ignoring even his own constituency.
The sources said the chief minister wrote a letter to Governor N N Vohra, advising him to drop Drabu from the council of ministers.
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IN went ahead by as many as nine, and had a 93-76 lead with 2:13 to play before Boston rallied to tie 95-all with 37 seconds left. Everyone followed his lead, including 16 points and six rebounds off the bench from Rozier, and a nine-point fourth from Tatum.