ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired the Federal Cabinet’s meeting here today in Islamabad.
Foreign Minister Khawaja Asif briefed the Cabinet on US President’s statement.
Appointment of PIACL Chief Executive Officer was also approved for a probationary period of 90 days with a 2-year contract. The Cabinet directed the Aviation Division secretary to ensure submission of a business plan for the profitability of PIA within 60 days of appointment.
The Cabinet further approved increasing and re-fixing of the number of commissioners in Securities and Exchange Commission of Pakistan to seven.
Also, an approval was given to exempt from payment of taxes, duties, levies etc under the grants received from global fund to fight AIDS, TB and Malaria (GFATM).
Maximum retail prices of life-saving drugs were also approved and the Ministry of National Health Services, Regulation and Coordination Division was assigned the task to ensure availability of quality life-saving drugs within reasonable pricing to the common people in commensurate with the national drug policy.
The Cabinet approved the execution and completion of ongoing gas development schemes and launch of new projects under present government for providing gas to far flung areas subject to availability of funds.
Furthermore, the Cabinet approved the initiation of negotiation on Inter-Government Agreement between Ministry of Petroleum & Natural Resources, the government of the Islamic Republic of Pakistan and the government of the Republic of Nigeria on the cooperation in the field of oil and gas.