Prime Minister Current Affairs

First Meeting of EAC-PM held in New Delhi

The first-ever meeting of newly-constituted Economic Advisory Council to Prime Minister (EAC-PM) was held at NITI Aayog, in New Delhi. It was chaired by Dr. Bibek Debroy, Member NITI Aayog.

The meeting took stock of the current economic, fiscal and monetary policy environment and identified key issues that it would focus on. It identified major priorities for accelerating economic growth and employment over tnext six months, with greater last mile connectivity.

Ten identified themes

The EAC-PM identified ten themes around which Council Report will be structured in the coming months The ten themes identified are Economic Growth, Employment and job creation, fiscal framework, informal sector and integration, public expenditure, monetary policy, institutions of Economic Governance, Patterns of Consumption & Production, Agriculture & Animal Husbandry and Social Sector.

The EAC-PM also developed Theme Groups led by its members, through consultative processes involving sectoral Ministries, States, experts, institutions, private sector and other key stakeholders. It also recognized for effective tracking of key economic parameters, through possible mechanisms for instituting Economy Track Monitor, using lead indicators and triggers for action, based on informed assessment and analysis.

EAC-PM

Prime Minister Narendra Modi has constituted five member EAC-PM in September 2017 as an independent body to provide advice on economic issues to the government, specifically to the Prime Minister. It consists of economists of high repute and eminence. It serves as an independent institutional mechanism, to provide informed advice to the Prime Minister on addressing issues of macroeconomic importance and related aspects.

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Shahid Khaqan Abbasi elected as Prime Minister of Pakistan  

Pakistan’s Petroleum Minister Shahid Khaqan Abbasi was elected the 18th Prime Minister of Pakistan by the National Assembly. Abbasi, nominee of ruling Pakistan Muslim League (N) secured 221 votes in the House of 342.

Abbasi succeeds Nawaz Sharif who was disqualified by the Supreme Court over the Panama Papers scandal. He will be interim PM of Pakistan. He will vacate the position for Nawaz Sharif’s brother Shahbaz Sharif, Punjab Chief Minister gets elected to the National Assembly.

 About Shahid Khaqan Abbasi

He was born 27 December 1958 in Karachi, Sindh and comes from a military family. Prior to entering politics, he was an electrical engineer and businessman owning Pakistan’s most successful private airline Airblue. He had started his political career after the death of his father in 1988, and since then he has been an elected Member of the National Assembly six times from Rawalpindi District.

He is member of the Pakistan Muslim League (N) (PML-N) in the National Assembly. He had served as the Minister of Petroleum and Natural Resources (2013 to 2017) in the third Nawaz Sharif Government. He had briefly held the cabinet portfolio of Minister for Commerce in the Gillani Government in 2008. He also had served as Chairman of Pakistan International Airlines (1997 to 1999) during the second Sharif Government.

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