ISLAMABAD: The farewell meeting of Federal Cabinet was held in Islamabad (Thursday) with Prime Minister Shahid Khaqan Abbasi in the chair.
The Cabinet ratified the decisions taken by the Cabinet Committee on Privatization and Economic Coordination Committee in their meeting held on 25th, 30th and 31st of May respectively. The meeting ratified decisions taken by Cabinet Committee for Disposal of Legislative Cases 29th and 30th of May 2018.
The Cabinet also accorded approval for establishment of Public Private Partnership Authority. Amendment in Rules of Business, 1973 in Pursuance of Cabinet Decision was approved.
The Cabinet accorded approval to sign Agreements of Shanghai Cooperation Organization during the Heads of State Meeting at Qingdao China to be held on 9-10 June this year. Approval for placement of University of Islamabad Bill, 2017 before Parliament was also accorded.
Appointment of Auditors for Financial Year ending on 30th June, 2018 in Securities and Exchange Commission of Pakistan (SECP) was approved.
The Cabinet, while discussing the paucity of water for the Kharif season crops, approved a proposal for provision of power to the farmers operating tube-wells at a flat rate for next three months.
Reforms package for the purpose of transforming Kashmir Council into an advisory body, as decided by the National Security Committee, was also presented before the Cabinet. The Cabinet accorded approval for tabling of the reforms before the AJ&K Legislative Assembly.
Reduction in regulatory duty on export of copper scrap from 25 % to 15 % was also approved by the Cabinet. The Cabinet decided to re-impose regulatory duty on import of cotton with effect from 15th July 2018.
The Cabinet also approved the recommendations of a Committee constituted by it earlier regarding LNG Terminals at Port Qasim and referred the matter to the Board of Directors of Port Qasim Authority for further consideration and implementation.