Skip to main content

Cabinet ratifies ECC decisions, accord worth $500mn with Korea   

cabinet meeting

ISLAMABAD: The federal cabinet meeting on Thursday ratified the decisions taken by Economic Coordination Committee (ECC) and approved signing of Framework Arrangement amounting to $500 million with Republic of Korea.

The meeting of the federal cabinet held in Islamabad today (Thursday) with Prime Minister Imran Khan in the chair.

The prime minister, during the meeting, apprised the cabinet about the decision to permit construction of high rise building in the Federal Capital. The prime minister said that vertical structure was need of the hour in view of increased population and fast depleting green belts especially in major cities of the country.

According to a statement released from the ministry, the decisions of Economic Coordination Committee (ECC) during its meeting held on February 19 and Cabinet Committee for Disposal of Legislative Cases (CCLC) in its meeting on February 26 were also ratified.

The cabinet granted exception to the Federal Investigation Agency from the provision of PPRA Rules 2004 for the expenditures of JIT, formed by Supreme Court of Pakistan to probe fake/benami accounts, for facilitating its day to day working including hiring of foreign/local experts and for timely completion of the probe.

Read More: PM Imran Khan to brief Cabinet on security situation in ongoing session

Approval for signing of Memorandum of Understanding (MoU) between the Committee on Financial Monitoring of the Ministry of Finance of the Republic of Kazakhstan (FIU of Kazakhstan) and Financial Monitoring Unit (FMU) of government of Pakistan concerning cooperation in the exchange of financial intelligence related to money laundering and terrorist financing was granted.

The cabinet approved appointment of chairman and directors of the Board of Directors of National Bank of Pakistan. Mr. Zubyr Soomro has been appointed as Chairman National Bank of Pakistan. Memorandum of cooperation between the ministry of justice of the republic of Uzbekistan and the ministry of law and justice of Pakistan was approved by the Cabinet.

The cabinet also reviewed the progress on disposal of state properties owned by various ministries/departments. It was decided to expedite the process so as to ensure optimum utilization of dead properties and also to raise much needed finances for projects of public welfare.

The post Cabinet ratifies ECC decisions, accord worth $500mn with Korea    appeared first on ARYNEWS.



from ARYNEWS https://ift.tt/2XtWeC8
Labels:

Comments

Post a Comment

Popular posts from this blog

Trump says he urged team to ‘slow’ COVID-19 testing

US President Donald Trump said Saturday he was encouraging health officials in his administration to slow down coronavirus testing, arguing that increased tests lead to more cases being discovered. The president has claimed falsely on several occasions that surges of COVID-19 in several states can be explained by greater numbers of diagnostic tests. At his first rally since the outbreak forced nationwide shutdowns in March, Trump told the crowd in Tulsa, Oklahoma that testing was a “double-edged sword.” The United States — which has more deaths and cases than any other country — has carried out more than 25 million coronavirus tests, placing it outside the top 20 countries in the world, per capita. “Here is the bad part: When you do testing to that extent, you are going to find more people, you will find more cases,” Trump argued. “So I said to my people ‘slow the testing down.’ They test and they test.” It was not clear from Trump’s tone if he was playing to the crowd, who ...
Post a Comment
Read more

Rouhani calls Imran, discusses resumption of trade

ISLAMABAD: Pakistan and Iran on Wednesday discussed full resumption of bilateral trade, which was halted last month because of the Covid-19 pandemic. “The two sides stressed the need to reactivate borders and border markets and strengthen trade ties by following health guidelines,” a statement issued by the Iranian presidency on the telephonic conversation between Prime Minister Imran Khan and President Dr Hassan Rouhani said. President Rouhani had called the prime minister for Ramazan greetings. Border trade between the two countries was suspended after a meeting of the National Security Committee (NSC), held on March 13, decided to close all borders because of the pandemic. Islamabad partially relaxed the restrictions on April 21, allowing the import of certain food items and provision of petrol and diesel to the border areas. Cargo traffic from Iran was allowed for three days every week. Cargo movement between the two countries takes place through five border crossings — Taftan...
Post a Comment
Read more

Today’s outlook: Sindh CM discusses reopening markets with PM Khan

Here are some of the stories we are expecting to follow today (Thursday): Sindh Chief Minister Murad Ali Shah will take Prime Minister Imran Khan into confidence over reopening shops and markets across the province. The reopened markets will have to follow SOPs. Sindh Transport Minister Awais Qadir Shah will discuss SOPs with transporters for resuming public transport in the coming days. The meeting will be held at the Sindh Assembly building at 1:30pm. The Oil and Gas Regulatory Authority has proposed a price cut of Rs20.68 per litre for petrol in its summary. Imam-e-Kaaba Sheikh Abdul Rahman Al-Sudais has said Masjid Al Haram and Masjid Al Nabawi will be reopened for worshipers soon. He said the Kaaba is being sterilised using latest technologies. Punjab Chief Minister Usman Buzdar will head various meetings during his visit to Bahawalpur. As of Thursday, Pakistan has reported more than 15,500 confirmed coronavirus cases. ICYMI: An amendment to the National Accountability Or...
Post a Comment
Read more