Design of new currency notes, approval to issue coins instead of Rs 10 notes, ratification of defense agreement between Pakistan and Qatar
Fuel subsidy will continue till end of December, action will be taken against petrol pumps not cooperating in fuel subsidy, burden of electricity price hike not put on public, Prime Minister
Governor Khyber Pakhtunkhwa will submit a review report to the federal government every month regarding the use of powers, committee formed for new notes consulted all stakeholders
Islamabad: In order to facilitate the execution of administrative affairs in Khyber Pakhtunkhwa and further improve governance, the federal cabinet has approved the transfer of powers delegated to the Chief Minister to the Governor Khyber Pakhtunkhwa to carry out daily affairs during the emergency period in the province. The Governor Khyber Pakhtunkhwa will submit a review report to the federal government every month regarding the use of powers, the federal cabinet welcomed the decision He expressed hope that the Khyber Pakhtunkhwa Advisory Council, under the leadership of the Governor of Khyber Pakhtunkhwa, will ensure full efforts for the betterment, prosperity and establishment of peace and order for the people of the province. The federal cabinet also ratified the defense cooperation agreement between Pakistan and Kuwait.
The defense cooperation agreement between Pakistan and Kuwait was signed on June 11, 2023, which aims to promote cooperation in the defense sectors between the two brotherly countries. The Kuwaiti government has ratified this agreement on July 19. The federal cabinet approved the design of new currency notes on the recommendation of the Ministry of Finance. The cabinet was given a detailed briefing regarding the design of new currency notes. It was informed in the briefing that suggestions were taken from artists and designers from across the country for the design of new notes. The cabinet committee established by the Prime Minister also held detailed consultations with all stakeholders. The participants were informed in the briefing that modern materials will be used along with increasing security features to prevent counterfeit notes, which will extend the shelf life of the notes. There will also be an increase in. The federal cabinet also approved the introduction of a 10 rupee coin in place of the 10 rupee banknote. The federal cabinet ratified the decisions taken in the October 26 meeting of the Cabinet Committee on Government-Owned Enterprises. The cabinet also ratified the decisions taken in the meetings of the Cabinet Committee on Legislative Cases on January 22, February 26, August 5, 18 and 27, and September 11 and 22.
Prime Minister Shehbaz Sharif said that the burden of increasing electricity prices has not been put on the people, fuel subsidy will continue until December. Addressing the federal cabinet meeting, the Prime Minister said that Pakistan’s sincere efforts for peace and stability are ongoing, Field Marshal Syed Asim Munir visited Iran, while a meeting of Pakistan, Saudi Arabia and Turkey was also held in Tehran with the Iranian leadership. The talks in Tehran took place in a very pleasant and positive atmosphere. Oil prices in the world are skyrocketing. One of the major reasons for unrest in the region is the increase in oil prices, however, the government has not let the burden of the increase in energy prices fall on the common man.
The Prime Minister said that a fuel subsidy scheme was launched for public relief, from which more than 15 million people have directly benefited. This program will continue until the end of December. Prime Minister Shehbaz Sharif said that the Petroleum Minister and his team have held important discussions with refineries, while action will be taken against petrol pumps that do not cooperate in the fuel subsidy scheme. The Prime Minister said that the era of LNG mafia is over, now matters are being carried out with competition and transparency. Matters are being handled through government agencies like PSO and PARCO, while a system has also been set up for LPG. He said that in view of the arrival of winter, steps are being taken to ensure the supply of LNG, LPG and oil so that the energy needs of the people can be met during the winter.
Federal Cabinet , Prime Minister Shehbaz Sharif ,
