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Cabinet approved Securities and Futures Markets Bill 2020

Cabinet approved Securities and Futures Markets Bill 2020

admin-augaf by admin-augaf
November 9, 2021
in Business, International, National
Reading Time: 2 mins read
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Cabinet approved Securities and Futures Markets Bill 2020

Cabinet approved Securities and Futures Markets Bill 2020

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Islamabad November 09, 2021: Minister for Information and Broadcasting Chaudhry Fawad Hussain Tuesday said that the Federal Cabinet, in a passionate appeal, had urged the global community especially Muslim Ummah, to rally support for averting humanitarian crisis in Afghanistan.

He said it has been decided that Advisor to Prime Minister on Finance Shaukat Tarin would head the committee on wheat and sugar exports. The Cabinet, he said, had given approval to export wheat for Afghanistan under the World Food Programme, keeping in view the emergency situation in Afghanistan.

Fawad said in a step towards ‘ease to do business,’ the Cabinet also approved Securities and Futures Markets Bill 2020 and would be sent to Cabinet’s Committee on Law.


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Similarly, he said the Cabinet had given approval to lease out the properties of PTDC in Punjab and Khyber Pakhtunkhwa, while the Sindh and Balochistan governments had also been told to do the same for tourism promotion. Fawad said the government intended to hand over PTDC properties to provinces so that it could lease them out to promote tourism in the country. We want to give PTDC properties to the Sindh government so that it could be developed for the tourists, he added.

The minister said Dr Saifuddin Junejo has been appointed as chairman Export Processing Zone Authority (EPZA). The Cabinet, he said, has given a six-month extension to Afghanistan-Pakistan Transit Trade Agreement 2010. The new director general of Pakistan Maritime Security Agency has also been appointed, he added. Information Minister Fawad Chaudhary said, opposition tried harder to send the government packing in its first two years, but all their efforts were in vain.

They have to wait for another two years or may be five years more afterward, he added. The opposition lacks leadership and vision, he said, giving an advise to the opposition to first strengthen themselves instead of focusing on plots to destabilize the government. He said the government was fully stable and working on to win the next general elections in 2023.

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