This passage is describing the formation of a 15-member national austerity committee in Pakistan by Prime Minister Shehbaz Sharif. The committee will be headed by former principal secretary Nasir Khosa and Minister of State for Finance and Revenue Aisha Ghaus Pasha. The purpose of the committee is to reduce government expenditures and the budget deficit. The committee will forward recommendations for reducing government expenditures, fiscal management and other steps to save national resources. The committee will also compile recommendations for structural reforms and review losses of state institutions. The committee will forward its recommendations to the Prime Minister within 15 days. The finance ministry will provide secretarial support to the committee and chief secretaries of four provinces were also included in the committee.