News @ 3 - 3rd September 2018

ISLAMABAD: Prime Minister Imran Khan has employed services of some renowned foreign economists in the newly-constituted economic advisory panel to seek professional advices on streamlining economy of the country.

According to Khaleej Times report, Pakistan’s current account deficit stands at $ 18 billion, while its foreign currency reserves are just over $ 10 billion, enough to cover two months of imports, and Khan needed immediate overhauling of country’s economic tyre.

The premier has changed the hierarchy set-up of the new 18-member Economic Advisory Council (EAC) Unlike past practices, the council will now be headed by the prime minister himself to ensure that the best possible professional advice is available to his government to inform, optimise and synergise the formulation and implementation of its economic and financial policies.

Out of the EAC’s 18 members, seven belong to government and 11 are from the private sector.