Prime Minister Imran Khan approved the reconstitution of a 13members Economic Advisory Committee (EAC) to advise on Pakistan’s economic affairs.
According to the statement issued on Saturday, the EAC shall be chaired by the prime minister and the minister for finance and revenue shall be the vice chairman. In the absence of the prime minister, the finance minister may chair the meeting
Former finance minister Shaukat Tarin and Slaman Shah are members of the EAC. Former governor of the State Bank Dr. Shamshad Akhtar and Syed Salim Raza are members of the EAC.
The Economic Advisory Council (EAC) is reconstituted to recommend macro-economic stablization measures and carry forward the reform agenda for robust and sustained economic growth.
The Economic Advisory Council will have an advisory and capacity enhanacement relationship with the Government of Pakistan.
It will engage with economic institutions collaboratively and synergetically. The EAC will follow the consultative process and suggest policy initiatives that will further strengthen and optimise financial and economic policies in order to enhance their welfare impact for the citizens.
The ultimate goal of the EAC is to promote analytically sound and evidence based reforms and initiatives after taking all stakeholders on board. The Ministry of Finance will be the nodal government agency for the EAC.
The re-constitution of Economic Advisory Council is aimed at framing an agenda for economic reforms in an entirely non-partison manner and promoting an active and informed debate that leads to sound policy making, analytical vetting and active monitoring as envisaged by the leadership for sustained institutional reforms and modernization of the Public Sector and enhance public welfare.