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  • Feb 21st, 2018
  • Comments Off on Cabinet vows to promote foreign investment
The federal cabinet has decided to constitute a committee on the issue of land lease between Pakistan Steel Mills (PSM) and National Industrial Parks Development & Management Company. A meeting of the federal cabinet chaired by Prime Minister Shahid Khaqan Abbasi held here on Tuesday decided that the committee headed by Minister for Privatization Daniyal Aziz will look into the matter and present its recommendations to the next meeting of the Cabinet while reiterating its resolve to promote foreign investment in the country which is essential for growth and creation of job opportunities.

The Cabinet discussed in detail the issue of repatriation of Afghan refugees while noting that the Cabinet twice granted extension in validity of Proof of Residence (POR) cards decided that the government would extend all possible facilitation towards voluntary repatriation of Afghan refugees holding POR cards.

The Cabinet also considered various recommendations for addressing the issue of Afghan refugees and emphasized that the international community should also fulfill its obligations towards shouldering this responsibility to ensure smooth repatriation and rehabilitation of the refugees.

The committee constituted for naming of new Islamabad International Airport also presented its report to the Cabinet. The Cabinet decided that the members may consider recommendations made in the report for achieving a consensus name during the next meeting. The Cabinet rejected the recommendation of NEPRA for upward revision of power tariff for power sector and decided to maintain the existing power tariff.

The Cabinet meeting ratified decisions of the Cabinet Committee on Energy (CCoE) in its meeting held on January 01, 2018 and decision of Economic Co-ordination Committee (ECC) of the Cabinet in meeting held on February 7 2018. The Cabinet approved nomination of Director on the Board of Directors of Sui Southern Gas Company (SSGL). The meeting also reconstituted the Board of Directors of Export Processing Zones Authority (EPZA) and ex-officio members in case of Utility Stores Corporations (USC) were also approved. The Cabinet approved appointment of general manager (Engineering) Karachi Port Trust.

The Cabinet meeting also approved proposal for granting additional charge of the post of chairman Earthquake Reconstruction & Rehabilitation Authority (ERRA). The Cabinet also approved appointment of executive member of PEMRA. Pakistan Origin Card (POC) rules were approved.

Copyright Business Recorder, 2018


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