Sri Lanka, March 10 -- The Cabinet of Ministers has granted approval to the proposal to appoint a 'Committee on Economic Surveillance' to review potential economic impacts on Sri Lanka from the ongoing conflict in the Middle East.

The proposal to establish the committee was presented by the President and received Cabinet approval.

The committee will be chaired by Dr. Anil Jayantha Fernando, who serves as the Deputy Minister of Finance and Planning as well as the Minister of Labour. It will also include heads of relevant institutions and experts from the respective sectors.

Authorities noted that the current conflict in the Middle East has created a globally unstable economic environment, which could potentially have negative repercussi...