PM approves re-constitution of EAC for sustained economic growth

1. | EAC will have an advisory, capacity enhancement relationship with govt | Shaukat Tarin, Salman Shah, Abid Suleri, Arif Habib, Dr Shamshad Akhtar, Syed Salim Raza included as private members in addition to officials

ISLAMABAD   -  Prime Minister Imran Khan on Saturday approved the re-constitution of Economic Advisory Council (EAC) to recommend macro-economic stabilization measures and carry forward the reform agenda for robust and sustained economic growth. 

The EAC would be chaired by the Prime Minister while Minister for Finance and Revenue shall be the Vice Chairman. In the absence of the Prime Minister, the Finance Minister may chair the meeting. The EAC shall include private sector members as well as official members. 

The EAC included top economic and financial experts of the country. It included Abid Suleri, Arif Habib, Asif Qureshi, Ejaz Nabi, Farooq Rehmatullah, Muhammad Ali Tabba, Dr Rashid Amjad, Salman Shah, Shaukat Tarin, Dr Shamshad Akhtar, Sultan Allana, Syed Salim Raza and Zaid Ali Muhammad.

Meanwhile , the official members of the EAC would be Minister for Energy, Minister for Planning, Development and Special Initiatives, Minister for Industries and Production, Minister for National Food Security and Research and Minister for Economic Affairs. 

Other official members are Adviser to Prime Minister on Commerce, Adviser to PM on Institutional Reforms and Austerity, Special Assistant to Prime Minister on Overseas Pakistanis and Human Resource Development, Special Assistant to PM on Power and Petroleum, Special Assistant to PM on Revenue, Chairman Board of Investment and Governor State Bank of Pakistan. 

The Economic Advisory Council will have an advisory and capacity enhancement 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 re-constitution of Economic Advisory Council is aimed at framing an agenda for economic reforms in an entirely non-partisan 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.