The Prime Minister formed the 21-member Economic Advisory Council

Prime Minister Shahbaz Sharif has formed a 21-member Economic Advisory Council headed by Federal Ministers, businessmen and experts.   Prime...

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Prime Minister Shahbaz Sharif has formed a 21-member Economic Advisory Council headed by Federal Ministers, businessmen and experts.

 

Prime Minister Shahbaz Sharif will be the chairman of the Economic Advisory Council; file / photo: MAK NEWS-21

According to a notification issued by the Ministry of Finance, the Prime Minister will be the chairman of the Economic Advisory Council, which also includes members from the private sector.

Read more: Dialogue needed, not deadlock if economy is to flourish: Shahbaz Sharif

According to the notification, the government members in the council include former prime minister Shahid Khaqan Abbasi, federal planning minister Ahsan Iqbal, finance minister Muftah Ismail, information minister Maryam Aurangzeb, Saleem Mandviwala, Ayesha Ghous Pasha and Musaddiq Malik.

Other members of the Economic Advisory Council formed by the Prime Minister include Tariq Pasha, Mian Mansha, Muhammad Ali Taba, Arif Habib, Dr. Asim Hussain, Atif Bajwa, Ahsan Farid, Aurangzeb, Waqar Ahmed, Salman Ahmed, Shehzad Saleem, Rehman Naseem, Musaddiq. Zulqarnain, Dr. Ijaz Nabi.

According to the notification, TOR and terms of reference of the Economic Advisory Council have also been issued, under which the Economic Advisory Council will review economic policies.

The Economic Advisory Council will make recommendations for short-term macroeconomic stabilization, as well as structural reforms.

The Finance Ministry said the Economic Advisory Council would meet on a weekly basis, review the country's overall economic situation and propose measures to improve the economy.

Read also: Pakistan needs to reduce its current account deficit, IMF

According to the notification, sub-committees will be formed under the Economic Advisory Council.

Earlier, Prime Minister Shahbaz Sharif in his first speech after being elected Prime Minister in the National Assembly thanks to the votes of the coalition parties had expressed his determination to work for the betterment of the country economy.

He had said that if Pakistan economy is to be nurtured, democracy and development is to be promoted, then there is a need for dialogue, not deadlock, not division, there must be understanding, no one was a traitor and no one is a traitor We have to become a nation together.

The Prime Minister said that change does not come from words. If change had come from words then Pakistan economy would not have been so bad. The economy of the country is in dire straits. Would have been

"I offered the PTI government an economic charter. They rejected our offer. If we had complied, there would have been progress in Pakistan and they would have got the credit," he said.

He had said that if the country economy was to get back on its feet, there was no choice but to work hard.

Shahbaz Sharif had said that at present the situation in the country is very dire, 6 million people have become unemployed, crores of people have been forced to live in poverty, trillions of rupees have been borrowed but a new project has not been started, today The biggest trade deficit in history, inflation is on the rise.