The Federal Minister for Finance and Revenue, Shaukat Tarin, presided over the second meeting of the Economic Advisory Council (EAC) at the Finance Division on GDP Growth.
The Finance Minister welcomed the participants and pointed out the objective of the formation of the Economic Advisory Council, which is the promotion of evidence-based policy formation and reforms with effective consultation and feedback from all important stakeholders. He stated that the ultimate goal of these consultative meetings is to spur GDP growth and take it to around 6-7% in a couple of years to make Pakistan a regionally competitive economy.
Dr. Ishrat Hussain, Advisor to PM on Institutional Reforms and Austerity, introduced the sub-groups and briefly highlighted the most important challenges in respective sectors. He said that increasing the share of direct taxes, energy cost rationalization, focusing on education & health, increasing investment to GDP ratio, and reducing the cost of doing business are the top priorities of the Government.