Ch. Fawad Briefs On Cabinet Decisions

The Federal Cabinet has expressed satisfaction over the progress of national economy.

This was stated by Information Minister Chaudhry Fawad Hussain while addressing a news briefing about Federal Cabinet's decisions in Islamabad.

He said, the Cabinet noted with satisfaction that the countries' exports increased by 4.5 percent during the month of December while the trade deficit reduced up to five hundred forty million dollars.

He termed the positive indicators of the economy as an outcome of Prime Minister and his economic team's extensive and prudent efforts to deal with the current account and fiscal deficit issues with the active support of friendly countries.

The Minister said, government's efforts to boost exports and reduce imports have also been fruitful.

He said government is also endeavoring to provide ease of doing business to the foreign and local investors to promote economic activities and create jobs.

Fawad Hussain said, the Federal Cabinet ruled out a request by the Interior Ministry to remove names of twenty suspects from the exit control list in the fake bank accounts case.

He said since the list includes the names of several PPP big wigs and others who are directly involved in fake bank accounts and money laundering matters, the Cabinet decided to constitute a committee to review the matter.

The Minister said the Law Ministry informed the cabinet that no formal or written verdict has yet been received from the Supreme Court on the subject so any further proceedings about the ECL issue should be deferred for the time being.