ECC approves midterm framework for improvement in economy

ISLAMABAD (92 News) – The Economic Coordination Council (ECC) approved a Medium Term Structural Reform Framework of economy. Prime Minister Imran Khan gave the approval while chairing a meeting of the Economic Advisory Council on Sunday. The meeting also approved a Social Protection Framework to ensure that vulnerable segments of society are protected. The comprehensive framework aims at overcoming the challenges of poverty, health, stunted growth, education and enabling the youth realize their potential and extricate themselves out of generational poverty traps. The policy recommendations focused on acceleration of under utilised areas including agriculture, housing, small & medium enterprises in terms of incentives, reliance on export oriented and labour intensive growth, reversal of anti-export bias, enhanced system automation and use of technology, transparency in trade regime, facilitating importers, job creation through skill development, ease of doing business through business friendly environment while focusing on productivity and moving on technology sophistication. Finalization of these policies is for laying the foundation of a sustainable, inclusive, job creating and export oriented economic growth strategy as part of the Government's 100 Days Plan.