Islamabad: Prime Minister Imran Khan on Saturday restructured the economic advisory council (EAC), inducting members from public and private sectors.
According to the details, the advisory committee will be headed by the prime minister himself, while the finance minister will serve as its vice chairman.
In the absence of the Prime Minister, the Minister of Finance will preside over the meetings of the Economic Advisory Committee. In addition to appointing government members, the council will also include representatives of the private sector.
The EAC would have an advisory and capacity enhancement relationship with the government of Pakistan.
It will engage with economic institutions collaboratively and synergistically. The EAC would follow the consultative process and suggest policy initiatives that would further strengthen and optimize financial and economic policies in order to enhance their welfare impact for the citizens.
The ultimate goal of EAC is to promote analytically reasonable, evidence-based reforms and initiatives after all stakeholders have joined. The Ministry of Finance will become the node government agency of EAC.
The purpose of the reorganization of the Economic Advisory Council is to formulate an economic reform agenda in a completely non-partisan manner, and to promote active and informed debate, so as to carry out reasonable policy formulation, analytical review and active monitoring of reforms as envisioned by the leadership. And modernize the public sector to enhance public welfare.