PM forms committee for Economic Governance System

The Prime Minister Shehbaz Sharif formed a 15-member committee headed by Federal Minister for Finance Mohammad Aurangzeb for the Economic Governance System, reported 24NewsHD TV channel on Sunday.
According to details, the committee will submit its report to the Prime Minister every quarter.
Secretary Finance, Secretary Law, Secretary Planning, Secretary SIFC, Secretary Information Technology, Secretary Establishment, Secretary Law and Justice Commission, Secretary Investment Board, Chairman SECP, Governor SBP, MD PERA, DG Tax Policy, Additional Auditor General, Additional Secretary Finance Committee, and Federal Ministry for Finance will provide secretarial support to the committee.
It is pertinent to mention here that the prime minister has become increasingly active on economic matters in recent weeks, and key responsibilities may be entrusted to Ishaq Dar to deliver better results. Concerns within the government include the rising trade deficit, falling exports, weak revenue collection, and the FBR’s poor performance.
Official data shows Pakistan’s trade deficit exceeded $19 billion from July to December of the current fiscal year. 
Exports declined by 8.7 percent, while imports rose by 11.28 percent during the same period. The overall trade deficit has increased by 34 percent year-on-year.
Meanwhile, sources also indicated that changes in the federal cabinet are under consideration, with low-performing ministers possibly being replaced and the cabinet size reduced. 
Speculation continues over the future of Finance Minister Muhammad Aurangzeb, though no replacement has been finalized.
Reporter: Awais Kiyani