National Economic Council (Pakistan) Explained

National Economic Council (Pakistan) should not be confused with Economic Advisory Council (Pakistan).

Agency Name:National Economic Council
Nativename:ملی اقتصادی کونسل
Formed:8 June 2022
Jurisdiction:Government of Pakistan
Chief1 Name:Chairman
Chief1 Position:Prime Minister of Pakistan

The National Economic Council (NEC) in Pakistan is a constitutional entity tasked with evaluating the nation's economic state and devising strategies to promote equitable development and regional balance. Functioning within the framework of Article 156 of the Constitution of Pakistan, it plays a vital advisory role to both federal and provincial governments on matters pertaining to finance, commerce, social welfare, and economic policies.[1]

History

President Dr. Arif Alvi granted approval for the reconstitution of the NEC on 8 June 2022, in accordance with the guidelines outlined in Article 156 of the Constitution. The NEC consists of a total of 13 members, led by the Prime Minister of Pakistan, who serves as the chairman. In addition to the chief ministers from all provinces, the council includes various federal ministers and nominated representatives from different political parties and provinces.[2] [3] [4]

Notes and References

  1. Web site: National Economic Council sets economic growth target at 3.5pc. Khaleeq. Kiani. June 7, 2023. DAWN.COM.
  2. Web site: President approves reconstitution of National Economic Council. The Newspaper's Staff. Reporter. June 8, 2022. DAWN.COM.
  3. Web site: President okays reconstitution of National Economic Council . Tribune.com.pk . 2022-06-07 . 2023-07-10.
  4. Web site: President approves reconstitution of National Economic Council. March 22, 2023.