ISLAMABAD: Prime Minister (PM) Imran Khan has summoned on Thursday the first meeting of the Economic Advisory Council (EAC).
According to the sources, the 18-member council is expected to discuss the need to approach the International Monetary Fund (IMF) for a bailout package along with the economic situation of the country.
The collection of taxes, increase in exports, countertrade, and current account deficit are expected to be discussed during the meeting, it added.
The first EAC meeting is scheduled to take place at 4 pm.
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According to a notification, a 18-member council includes renowned economist Dr. Farrukh Iqbal (director of Institute of Business Administration (IBA), Dr. Ashfaque Hassan Khan, Syed Salim Raza (the former Governor of State Bank of Pakistan), Dr Ijaz Nabi (law professor at the Lahore University of Management Sciences (LUMS), Dr Abid Qaiyum Sulehri the executive director of the Sustainable Development Policy.
Vice-chancellor of the Pakistan Institute of Development Economics Dr. Asad Zaman and Dr. Naved Hamed (a professor at LUMS are also part of the council,) it added.
Economist Shakib Sherani, Dr. Atif Mian, Dr. Asim Ijaz, and Dr. Imran Rasul are also a part of the EAC.
