Pakistan, May 20 -- Prime Minister Shehbaz Sharif has established a high-powered political committee to oversee the implementation of the National Fiscal Pact, address rising debt concerns, and fast-track critical infrastructure development. The move comes amid pressure from the International Monetary Fund (IMF) and rising tensions between federal and provincial governments over fiscal responsibilities.

The eight-member committee will be co-chaired by Deputy Prime Minister Ishaq Dar and PPP Chairman Bilawal Bhutto Zardari. It includes key federal ministers and the Attorney General for Pakistan. The committee has been instructed to present budget proposals within ten days to both federal and provincial governments to accelerate progress....