Thursday, 23rd October 2014

Govt. to form task force to control trade deficit


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The government is set to form a high level task force to bring down increasing trade deficit.

Preparations have been made to form a special task force to minimise the increasing import and decreasing export, said Office of the Prime Minister and Council of Ministers.

According to the Office, stakeholder ministries and departments have agreed for the same. The process would be forwarded as soon as the Council of Ministers is formed.

The move will help to save the country's economy from further deterioration, said Office Spokesperson Mahendra Kumar Thapa. The high level task force will have economists, experts and industrialists.

The task force will run various programs with concrete action plan, he said.