Prime Minister decides to set up National Economic Council to overcome economic challenges

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Prime Minister Shahbaz Sharif has decided to form a National Economic Council (NEC) to address the critical situation and economic challenges facing the country. Done. According to details, in an emergency meeting chaired by the Prime Minister, the economists were directed to prepare recommendations. In this regard, it has been decided to hold a summit in the next few days.

It was informed that in the meeting, the Finance Secretary gave a detailed briefing on the overall national balance sheet including the country's economic situation, revenue, budget deficit, internal and external debt situation, on this occasion Prime Minister Shahbaz Sharif directed that economic situation and serious financial risks. Given a clear set of immediate, medium and long term goals, make comprehensive recommendations on policy options so that concrete steps can be taken in their light.

The Prime Minister also directed to formulate comprehensive proposals for providing relief to the people and controlling inflation, as well as special instructions for monitoring the Ramadan Bazaar during Ramadan and immediate reduction in prices of essential commodities. Released. International rating agency Fitch Ratings welcomed the peaceful change of government in Pakistan and pointed out the challenges facing the economy. In his statement, Fitch said that although the change of government in Pakistan took place peacefully, There is growing uncertainty about short-term policies, which are already facing external and financial challenges due to global commodity prices and global uncertainty.

Location: Pakistan

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