April 29, 2022 (MLN): The federal government has constituted the Economic Advisory Council (EAC) less than the Chairmanship of Key Minister Shehbaz Sharif comprising 21 customers to search for suggestions on limited-term macroeconomic stabilization as effectively as structural reforms for steady and sustained economic progress.
Financial Advisory Council (EAC) is currently being proven to critique and formulate economic guidelines in a a lot more holistic manner,” the notice explained.
The EAC will be convened on weekly foundation on the concerns of national economic great importance. The composition of the Financial Advisory Council shall constitute Shahid Khaqan Abbasi, Ahsan Iqbal Chaudhary, Miftah Ismail, Saleem Mandviwalla, Marriyum Aurangzeb, Dr Ayesha Ghous Pasha, Mussadiq Malik, Tariq Pasha, Mian Muhammad Mansha, Mohammad Ali Tabba, Arif Habib, Dr Asim Hussain, Atif Bajwa, Faisal Farid, Aurangzeb, HBL, Waqar Ahmad Malik, MD/CEO Fauji Foundation, Salman Ahmed, Shahzad Salim, Rahman Naseem, Musadaq Zulqarnain and Dr Ijaz Nabi.
In accordance to the notification, the council would critique the total financial affliction of the place and propose feasible corrective actions thinking of the readily available means of the country.
It would analyze the effectiveness of subsidies, protection and other financial assistance by the govt to the Point out-Owned Enterprises (SoEs) and other crucial sectors of the economy in the context of general cost and profit investigation of this sort of subsidies/protection.
The council would evaluate the existing market place imperfections in the different crucial sectors of the economy in get to encourage competitiveness by correcting the market place distortions and recommend the governing administration ministries, corporations, bodies and several task applying organizations in formulating proof-primarily based policies.
It would support in discovering the technical abilities and human resource that may perhaps be essential to carry out the requisite financial and economic analysis/research.
The EAC will originally satisfy the moment a week (pretty much/in particular person). Particular sub-committees will be formed for targeted operate with the timelines and outlined scope.
The EAC may possibly co-choose any other member as for every necessity, the notification included.
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Posted on: 2022-04-29T09:15:19+05:00