On Saturday evening, unidentified persons shot at Mir's car as he was departing Jinnah International Airport in Karachi.
He was subsequently transported to a hospital and, according to a statement from Aga Khan hospital issued the same night, his condition is now stable.
The prime minister decided to form the commission during a meeting today in Lahore.
The Chief Justice of Pakistan will be requested to nominate members for the commission, a spokesperson from the government revealed to Radio Pakistan.
The government has also announced a reward of Rs10 million for anyone who offers information about the assailants.
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