The body will have three members each from the PPP and PML-N, and one each from the ANP and JUI-F.
Cabinet decides to keep names of 170 other people identified in fake accounts case on the travel restrictions list.
The committee will also be responsible for holding negotiations with govt over an extension in military courts' tenure.
"Does democracy mean immunity from corruption of democratically elected political leaders?" asks prime minister.
PML-N president hails military courts' impact, says their fear was crucial in war against terrorism.
Etisalat stopped payment of $799 million after the govt failed to transfer PTCL properties as per the 2006 agreement.
The leader of the opposition says PAC members "would work as a team, under the ambit of law".
Farogh Naseem says suspects in fake accounts case will get the chance to defend themselves.
PAC wing will brief the committee on Friday while the Auditor General of Pakistan will brief the committee on Monday.
"I have done nothing that would force me to bow my head; have always served the country with absolute honesty."
Former PM to travel from Rawalpindi's Adiala jail to Lahore's Kot Lakhpat Central Jail in his personal vehicle tomorrow.
Judge Mohammad Arshad Malik set to deliver judgement in Al Azizia and Flagship Investment references tomorrow morning.
Accountability court has granted NAB a seven-day transit remand so Rafique can be shifted from Lahore to Islamabad.
TV footage shows a security guard rushing towards the Samaa TV cameraman and kicking him in the face.
PML-N decides to start mass-contact campaign from December 30.
The list contains a total of 76 people, which include various PML-N leaders, government officials and their relatives.
State minister for parliamentary affairs "hopeful" that the stalemate will end before year 2019 starts.
PTI can form a sub-committee to review audit of previous PML-N govt, but PAC chairman will be opposition leader: Shahbaz
The leader of the opposition in Punjab Assembly was prevented from boarding a Doha-bound flight last night.
"PTI is running away from accountability [...] it only wants to hold the opposition accountable," says Ahsan Iqbal.