Islamabad, April 12 : To deal with Pakistan’s financial crisis left behind by the PTI-led government, Prime Minister Shehbaz Sharif on Tuesday announced the reconstitution of the National Economic Council (NEC), comprising independent financial experts, The News reported. Shehbaz held a meeting with leading economic experts, and issued directives for formulation of financial proposals on an emergency basis to steer the country out of the ongoing financial crisis, read a statement issued by the PM Office. The proposals will be devised after holding consultation with stakeholders in areas like agriculture, trade, investment, and banking, the statement said. Another meeting will be held in the next few days to discuss the suggestions of the economic experts. In view of the challenging economic situation, Shehbaz Sharif directed the setting medium and long-term fiscal policies and also stressed on the presentation of comprehensive policy options to overcome the backbreaking inflation afflicting the country. Sharif emphasised on reducing prices of daily-use commodities and essential items, particularly during the month of Ramazan. He also stressed on the need for maintaining a balance between the national and public interests. During the meeting, the secretary of finance gave a briefing to the prime minister on the economic situation, revenues, budget deficit, and loans besides the overall national balance sheet of the country. ACL1935