Govt formed high-powered body to draw economy oriented policies

  • Govt of Pakistan formed a high-powered body to formulate development and economic plans.
  • Chief of Army Staff will also be a member of the council
  • International forensic firms will be hired to assist the commission
high-powered-economic-plan
Govt formed high-powered body to draw and economy oriented policies

A high-powered body has been formed by the government that also comprises military authorities to formulate the development and economic plans of Pakistan.

The National Development Council (NDC) headed by Prime Minister Imran Khan will also have Chief of the Army Staff Gen Qamar Javed Bajwa as one of its members. This high powered body will work on economic development.

Federal Cabinet approved the creation of Commission:

The Federal Cabinet approved the formation of the Commission of Inquiry aimed at ascertaining how foreign debts swelled to RS.24,000 billion in the previous 10 years during.

Basic tasks of Inquiry Commission:

The basic task of the commission is to ascertain how foreign debts rose sharply despite the fact that no mage development projects were undertaken and no dam was built.

Also Check: RS.326 Billion Recovered From Corrupt So Far – Chairman NAB

According to terms of reference, the NDC will formulate policies for development activities aimed at accelerating economic growth.

NDC will also approve long-term planning for national and regional connectivity and provide guidelines for regional cooperation.

The commission will complete its report in six months and will submit its periodic reports every month to the Prime Minister’s Office.

The commission will also find out recent devaluations of the rupee against the dollar which increased the volume of foreign debts by billions of rupees.

The commission would also probe on which projects foreign loans were spent and why. It will also investigate what benefits were availed by the families of former rulers on state expenses.

International forensic firms would also be hired to assist the commission in a forensic audit of mega projects.

The Inquiry Commission will be headed by National Accountability Bureau (NAB) deputy chairman Hussain Asghar.

This type of a national body has been formed for the first time in Pakistan in which the army has been given representation.

Other members of the Inquiry Commission include:

  • Foreign Minister Shah Mehmood Qureshi
  • PM Adviser on Finance, Dr. Hafeez Shaikh
  • Minister for Planning and Development Khusro Bakhtiyar
  • PM Adviser on Commerce, Abdul Razak Dawood
  • All provincial chief ministers
  • AJK prime minister
  • Gilgit-Baltistan chief minister
  • Any additional minister/head of the strategic body, secretary to the prime minister
  • Secretaries of foreign affairs, finance, and planning division
  • Additional secretary of the Prime Minister Office as secretary to the NDC

The official notification about the formation of the NDC was issued on 13th June and the federal cabinet approved it on 18th June.

The cabinet decided to privatize all 157 state-run guest houses, and others run by the Pakistan Tourism Development Corporation and National Highway Authority.

It has been also decided that no convicted person and those involved in corruption would be given VIP protocol.

Conclusion:

Earlier, Prime Minister Imran Khan said that those in power will be investigated by inquiry commission and after that report will be prepared so that no one dares leave the country ever again. He also said that he could not be blackmailed with protests.

This inquiry commission will help Pakistan in finding out recent devaluations of the rupee against the dollar and also probe on which projects foreign loans were spent and why. PM vowed to go after the thieves who put the country badly in debt.

 

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