The Ministry of Economic Affairs, (abbreviated as MoEA) is a Cabinet-level ministry of the Government of Pakistan responsible for assessing, programming and negotiations of external economic assistance concerning the government and its constituent units from foreign governments and multilateral agencies.[1]
History
The Economic Affairs Division (EAD) plays a crucial role in managing Foreign Economic Assistance (FEA). EAD secures support from both bilateral and multilateral partners to fund important projects for the country's development.
FEA, which includes grants, loans, and technical assistance, helps bridge Pakistan's investment gap and improves its social and economic indicators. This assistance supports reforms in key sectors like energy and finance, contributing to economic growth.
EAD coordinates between implementing agencies and partners to ensure efficient project implementation. Through regular reviews, it aligns projects with national development goals. [2]
The partnership between Pakistan and its development partners aims to manage FEA effectively for the benefit of the country's people. EAD continues to refine its strategies to drive Pakistan's economic and social development forward.
Negotiations and coordination activities, etc., pertaining to economic cooperation with other countries (excluding RCD and IPECC).
Assessment of requirements, programming and negotiation for securing technical assistance to Pakistan from foreign Governments organizations including nominations for EDI Courses.
Matters relating to technical assistance to foreign countries.
External debt management, including authorization of remittances for all external debt service, compilation and accounting and analysis of economic assistance from all foreign governments and organizations.
Review and appraisal of international and regional economic trends and their impact on the national economy. Proposals concerning changes in International Economic Order.
Matters relating to transfer of technology under UNDP assistance.
To provide technical assistance to friendly countries.
To sign MoUs with local NGOs seeking foreign funding.
Structure
EAD is headed by a Secretary, who is assisted by two Additional Secretaries, eight Joint Secretaries and one Chief in managing nine different Wings which perform duties in their respective functional areas based on territorial, economic and organizational demarcations. The Wings are: [4]
