EAC approves initiatives for economic revival, poverty alleviation

EAC approves initiatives for economic revival, poverty alleviation

Islamabad (Staff Report/ Agencies): Prime Minister Imran Khan has approved a social protection framework for economic revival and poverty alleviation.

The PM chaired a meeting of Economic Advisory Council in Islamabad on Sunday and approved the policy recommendations for a Medium Term Structural Reform Framework of the Economy.

The comprehensive social protection framework is aimed at overcoming the challenges of poverty, health, stunted growth, education.

The Prime Minister also approved the policy recommendations for a medium-term structural reform framework of the economy.

Minister for Finance Asad Umar, Minister for Planning Makhdoom Khusro Bakhtiar, Adviser to PM Dr Ishrat Hussain, Syed Saleem Raza, former governor State Bank, Dr Naveed Hamid, professor at Lahore School of Economics, Sakib Sherani, an economist, Dr. Faisal Bari, Associate Professor at LUMS, Dr Asad Zaman, VC Pakistan Institute of Development Economics, Dr Abid Qayyum Sulehri, ED Sustainable Development Policy Institute, Governor State Bank Tariq Bajwa, Finance Secretary Arif Ahmad Khan, advisor/executive Director General (IERU) Dr Khaqan Hassan Najeeb and other senior officials were present during the meeting.

The meeting was briefed on policy recommendations for mobilizing finance for development, enhancing exports and strengthening SMEs, tax reforms, job creation impact of major policy actions and social protection priorities, in the light of the deliberated proposals of the working groups of Economic Advisory Council.

The meeting also finalised policy recommendations to focus on acceleration of underutilised areas.

Finalisation of these policies is aimed at laying the foundation of a sustainable, inclusive, job creating and export oriented economic growth strategy as part of the Government's 100 Days Plan.