Categories: Technology

National Development Committee to be formed for recommendations on economic matters

A national consensus on policies and strategies to be made by the PTI government, to counter the challenges and achieve sustainable development and cater to the economy.

invest with imarat

Islamabad’s emerging city centre

Learn More

To avert Pakistan’s return to the International Monetary fund (IMF) for bailout packages, Federal Minister for Planning and Development Khusro Bakhtiar tries to bring the government and the opposition on the same page by signing the charter of the economy. As per reports, Prime Minister Imran Khan has considered the idea, as he has agreed to the formation of a committee that consists of all the political groups from both houses of parliament to recommend solutions to existing problems. With the joint support of both, the opposition and the treasury benches, the Senate has adopted recommendations on the Finance Bill 2019-20.

The government’s acceptance of the CoE correlates with the ‘National Development Council (NDC) – a high-powered body comprising of top representatives of different government leaders. With the Prime Minister Imran Khan heading the committee, members will comprise of Chief of Army Staff, General Qamar Javed Bajwa, the chief ministers of four provinces, Gilgit Baltistan and Azad Kashmir and some important federal ministers.

The council will receive inputs and recommendations from the wide-ranging government institutions that would form the basis of exchange of views and consultations among the stakeholders for policy formulation.

The council’s mandate is: (i) to derive policies and strategies for development (ii) formulate and tailor policies to achieve and accelerate economic growth (iii) promote long-term planning for national and regional connectivity and (iv) provide guidelines for regional cooperation.

Formulating the NDC is an extra-constitutional step according to the critics, as the Former Senate chairman, Mian Raza Rabbani says “you cannot override Article 156 of the Constitution through a notification for creating an extra-constitutional organ having functions parallel to a Constitutional institution.”

It calls for understanding and cooperation among all tiers of government likely to face severe financial pressure in the next financial year owing to cuts in expenditure and rising inflation. It requires a collective national effort.

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

Rome’s Affordable Real Estate Draws Increasing Investor Interest

As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…

1 day ago

Dubai’s Second Tallest Tower Burj Azizi Shatters Records with Global Luxury Sales Launch

Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…

4 days ago

Real Estate Set to Surge as Government Plans to Scrap FED on Property Deals

The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…

5 days ago

Egypt Launches MLS-Powered Real Estate Platform for Transparency & Investment

Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…

5 days ago

CDA to Hold Open Auction for Commercial Plots in Islamabad from February 25

The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…

6 days ago

Islamabad’s Three Day Spring Festival Set to Wow Visitors with Cultural Showcase

The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…

6 days ago