ISLAMABAD - The Federal Cabinet Wednesday approved to allow import of five-year old vehicles with an aim to create an environment of fair competition and bring the rising prices of vehicles within the reach of common man. The cabinet, which met under the chair of Prime Minister Yousuf Raza Gilani, endorsed the decision taken by Economic Coordination Committee (ECC). Today, after thorough discussion in the cabinet meeting it was decided to approve the import of five-year old cars, said Federal Minister for Information Qamar Zaman Kaira while addressing a press conference. The Prime Minister asked the federal and provincial governments and civil societies to express solidarity with Kashmiri people on February 5, he said. Kaira hoped that all segments of the society including media would observe the day (February 5) in a befitting manner. The cabinet strongly condemned bomb blasts in Lahore and Karachi, and paid rich tributes to members of the law enforcement agencies for their sacrifices in this war. It was discussed in the cabinet that a consensus policy would be made in consultation with other parliamentary parties to address the economic challenges confronting the country. This would be in line with the policy of national reconciliation, which was displayed in evolving consensus on constitutional, legal and political issues, Kaira told media persons. Sources said that Federal Minister for Finance Abdul Hafiz Shaikh did not share the details of economic reforms in the meeting, by saying that he was committed to the political parties not to disclose them till final decision. It was informed that prices of petroleum products would be adjusted as per the recommendation of parliamentary committee. Kaira said that the Prime Minister had given instruction in the meeting to immediately handle the matter of salaries of employees of those ministries which were devolved recently. To a question about trimming the size of bureaucracy, Kaira said if it would be necessary then it could be deliberated. He rushed to added that it was not in policy. When asked about reshuffle in the cabinet, Kaira said that decision in this regards would be taken after consultation with allied parties. He further said that President Zardari and Prime Minister Gilani had already held consultation meeting on it. To another question about ban on fresh recruitments, the minister said that there was no proposal under consideration to impose ban on them. Kaira said that cabinet also approved signing of defence cooperation agreement with Indonesia and Memorandum of Understanding with South Korea on environmental protection. He said that it was approved to start negotiations for exchange of prisoners with Ukrain and negotiations with Senegal for agreement on avoidance of double taxation to facilitate bilateral trade. The cabinet also ratified and gave its approval for the optional protocol to the Convention on the rights of the Child, the Sale of Children, Child Prostitution and Child Pornography. The cabinet also ratified to UN protocols relating to rights of children and disabled persons.