Saturday, October 23, 2021

Economist Sakib Sherani resigns from Economic Advisory Council

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ISLAMABAD: In a blow to the Pakistan Tehreek-e-Insaf (PTI) led federal government, economist Sakib Sherani resigned as member of the Economic Advisory Council (EAC) on Saturday, ARY News reported.

He became the 4th member to step down from the EAC. While Sherani cited personal reasons for his resignation, well-placed sources say it is resentment over the government’s overlooking the EAC while presenting the mini-budget in the Parliament that forced him to quit.

They say the economist resigned because the government didn’t consult the council before presenting the finance bill in the National Assembly.

Last year in Sept, Prime Minister Imran Khan announced the constitution of the 18-member EAC. Barely a week after its formation, the government withdrew the nomination of Atif R Mian of Princeton University as EAC member.

Protesting the government’s decision, later two members of the council stood down from the EAC.

On Sept 6, Dr Asim Ijaz Khwaja announced his resignation on the micro-blogging site Twitter shortly after the government asked Dr Atif Mian to step down from his position.

Following suit, London-based economist Dr Imran Rasul quit the council, saying, “With a heavy heart, I have resigned from the EAC this morning.”

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