Inaugural meeting of revamped ECC today
Finance Minister Asad Umar will chair the inaugural meeting.
ISLAMABAD (Dunya News) – Finance Minister Asad Umar will chair the inaugural meeting of the recently revived Economic Coordination Committee on Wednesday.
The meeting is expected to take up five issues including circular debt, gas pricing and liquidity position of the Pakistan State Oil among others.
Prime Minister Imran Khan on Tuesday reconstituted the Economic Coordination Committee and appointed Finance Minister Asad Umar as its chairman.
According to a notification issued by cabinet division, the revamped ECC – previously run by then prime minister Shahid Khaqan Abbasi - will now have 12 members.
Law Minister Farogh Naseem, Petroleum Minister Ghulam Abbasi, Planning & Development Minister Khusro Bakhtiar and Railways Minister Sheikh Rashid
Ahmed, prime minister’s advisers on commerce and textiles Razak Dawood and institutional reforms and austerity Dr Ishrat Husain have been appointed members of committee.
In addition, six more ministers — communications, national food security, power, privatisation, statistics and water resources — will also be made members of the ECC after their appointment.
PM Khan has declined to lead the ECC while entrusting Umar to run the affairs of the economic decision-making body.
ECC is a key consultative forum used by the prime minister for matters concerning the state’s economy. It also maintains vigilance on the monetary and credit situation, oversees monetary regulations, import, exports and inflation. The ECC also issues licenses for local and foreign oil exploration companies.
