Members of the reconstituted Economic Advisory Council (EAC) are confident. They believe the road ahead may be arduous but reaching the destination is possible if a road map is developed with care and drivers follow the directions diligently.
The prime minister–led new EAC is expected to do the impossible: evolve a policy mix that delivers stabilisation and growth simultaneously. Will the initiative fly this time around or dash before the take-off like before?
“Prime Minister Imran Khan is keen to improve the economy and the quality of governance. The twin-headed spectre (inflation and unemployment) haunts him. He clearly wishes to turn things around and ease crippling pressure on families. He is open to ideas to fix key problems. Strategies will develop once the EAC mobilises but there is little doubt Mr Khan is committed to action,” said Salim Raza, former governor of the State Bank of Pakistan (SBP), while commenting on the prospects of the 26-member EAC.