PM’s China visit highly successful: Fawad

Following this visit Pakistan would be able to handle balance of payments issue

Chaudhry Fawad Husain, Federal Minister for Information

islamabad — Federal Minister for Information Chaudhry Fawad Husain on Thursday said that Prime Minister Imran Khan’s visit to China was highly successful as several agreements and memorandums of understanding were signed between the two countries.

Briefing the media about the federal cabinet meeting chaired by PM Khan, Fawad said that following this visit Pakistan would be able to handle balance of payments issue.

He said the prime minister took the cabinet into confidence about his maiden official visit to China.

Giving details of the decisions taken by the cabinet, Fawad said that the cabinet approved revamping of the Evacuees Trust Property Board to improve its functioning and better utilisation of its properties.

He said that Ahmed Nawaz Sukhera had been appointed Secretary of Investment Board, while the cabinet sanctioned issuance of licence for Liberty Airlines. He said that new board of Securities and Exchange Commission of Pakistan would be constituted.

Fawad said that the cabinet decided that a committee comprising experts would be constituted to formulate policy on taxation to fulfil the longstanding demand of the business community. He said that the cabinet approved appointment of Riaz Memon as new chairman of the Trading Corporation of Pakistan. The cabinet also approved treaties pertaining to the exchange of prisoners with Britain, he said. —