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April 4, 2021
ISLAMABAD: Prime Minister Imran Khan has approved the reconstitution of Economic Advisory Council (EAC) to recommend macro-economic stabilisation measures and carry forward the reform agenda for robust and sustained economic growth.
The EAC shall be chaired by the prime minister. 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. The EAC shall include private sector members as well as official members.
According to notification issued here by the Finance Division on Saturday, the prime minister has been pleased to reconstitute the Economic Advisory Council (EAC) with the composition, as PM will be the chairman while Finance Minister Hammad Azhar will be the vice-chairman of the high-profile forum, comprising 25 other members. The government did not appoint Shaukat Tarin as convenor of the Economic Advisory Council.
Economic Advisory Council reconstituted
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Economic Advisory Council reconstituted: PM will be chairman, finance minister vice chairman
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The social multiplier effect - Newspaper
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Pakistan Debt Crisis Intensifies as Economic Mismanagement Continues Unabated
Pakistanâs public debt went past 87% of GDP at the end of 2019-20, up from about 72% of GDP at the end of 2017-18, forcing the government to borrow afresh to pay old loans.
A trader counts Pakistani rupee notes at a currency exchange booth in Peshawar. Photo: REUTERS/Fayaz Aziz/File Photo
Last month, Malaysian authorities seized a Pakistan International Airlines Boeing 777 plane, with passengers still on board, at Kuala Lumpur airport for not paying leasing fees worth $15 million.
The embarrassing incident became the subject of memes, derision, and despair in Pakistani media circles. Awkward as the incident was, the unpaid leasing fees are just the tip of the iceberg and Pakistanâs debt problem has been in the making for some years now. But it is in the past two years that the debt grew at a double-digit pace from Pkr. 32.1 trillion in November 2019, to Pkr. 35.8 trillion by November 2020, ex