Pakistan, March 25 -- Prime Minister Shehbaz Sharif, reversing his earlier decision, has handed over the chairmanship of the Economic Coordination Committee (ECC) to Finance Minister Muhammad Aurangzeb, a private TV channel reported on Sunday.

According to a notification, the ECC will be now headed by the finance minister with ministers of economic affairs, planning, commerce, power, and petroleum being a part of the committee.

Shehbaz had previously announced the composition of seven major committees, announcing himself as the chair of the ECC.

The decision had been criticised as a measure to limit the powers of the new finance minister.

Earlier, the premier had also decided to chair the Cabinet Committee on Energy (CCoE).