Islamabad, September 29, 2021 (PPI-OT):2nd meeting of the National Assembly Standing Committee on Economic Affairs Division was held today at 02:00 p.m., in Committee Room No.7 (Fourth Floor), Parliament House, Islamabad, under the chairmanship of Mir Khan Muhammad Jamali, MNA. He welcomed the participants of the meeting.
Additional Secretary Ministry of Economic Affairs Division briefed the Committee about the mandate and functions, organogram and Human Resource, External Debt and Liabilities, External Inflows / Ongoing Portfolio, Joint Commissions and performance of the Division.
He informed that Rule 56(2) schedule II, 9 Rule 3(3) of the Rules of Business 1973 empowered the division to work regarding mobilizing of external economic assistance i.e. Loans, Grants and Technical Assistant and Capacity Building, External Public Debt Management and Debt Servicing. He also presented the breakup of the budget for financial year 2021-22 allocated to the EAD for its functioning. While talking about Pakistan’s External Debt and Liabilities.
The Committee members have expressed their concerns with regard to the increase of external debt and unanimously recommended that an exclusive meeting may be called to discuss the said matter. The Committee decided that the Ministry of Finance and State Bank of Pakistan (SBP) may also be invited in the next meeting of the Committee.
The Committee directed that EAD will furnish the details of disbursement of funds for ongoing portfolio to this Secretariat. The Additional Secretary further informed the Committee about the Joint Commissions established for bilateral Joint Economic Global phenomenon. He said that 67 JMCs and other bilateral commissions were established since the 1970s.
The Committee also directed the EAD to provide the details of external loans for the years 1972, 1985, 1999, 2008, 2017 and 2021 with the comparison of dollar exchange rate at that time during the first month of each year.
The meeting was attended by Mr. Aftab Jahangir, Ms. Aliya Hamza Malik, Mst. Shaheen Naz Saifullah, Mr. Ali Zahid, Syed Javed Hasnain, Mr. Qaiser Ahmed Sheikh, Mr. Ali Pervaiz, Ms. Aisha Ghous Pasha, Pir Ameer Ali Shah Jillani and Ms. Shahida Akhtar Ali MNAs besides the senior officers from M/o Economic Affairs Division.
For more information, contact:
Secretary,
National Assembly of Pakistan
Automation Centre, National Assembly Secretariat,
Parliament House, Islamabad, Pakistan
Tel: +92-51-9221082-83
Fax: +92-51-9221106
Email: assembly@na.gov.pk
Website: www.na.gov.pk