A 7-member committee has been constituted for the economic development plan based on self-reliance in the country.
The notification of the committee formed by Prime Minister Shahbaz Sharif has been issued, according to which Deputy Prime Minister Ishaq Dar has been appointed as the chairman of the 7-member committee.
The committee will review the economic plan proposed by the British economist Stephen Durkin. Among the other members of the committee, Planning and Development Minister Ahsan Iqbal, Finance Minister Muhammad Aurangzeb, Economic Affairs Minister Ahad Cheema, Information Minister Atta Tarar, State Revenue Minister And Energy Ali Pervez Malik is also included.
According to the notification, National Coordinator of Special Investment Facilitation Council (SIFC) is also included in the committee members.
The committee will review the draft economic plan and report on various sectors. British economists will also be available for input. The committee will be able to appoint more members.
It should be noted that a Dawn newspaper report on August 11 stated that the plan was prepared by a task force set up by the prime minister, which was later joined by Stephen Durkin, professor of economic policy at Oxford University. Collected facts and shared them with the professor to create a consensus document.
Sources said that the contents of the economic plan will be presented to a large group of stakeholders after Independence Day.
It was further stated that the main focus of the document is economic liberalisation, elimination of government involvement in subsidizing any sector and exposure of local producers to global competition, no restriction on imports to manage current account deficit. There will be no, instead the focus will be on increasing exports from the country.
