PM Shehbaz briefs cabinet on IMF agreement
By News Desk
July 3, 2023 08:30 PM
Prime Minister Muhammad Shehbaz Sharif chaired a significant meeting of the Federal Cabinet at the Prime Minister House in Islamabad, where he briefed the attendees about the key aspects of the recently reached $3 billion agreement with the International Monetary Fund (IMF).
During the meeting, the Prime Minister expressed gratitude to all friendly countries, including China, Saudi Arabia, the United Arab Emirates, and the Islamic Development Bank, along with the Managing Director of IMF, for their support in strengthening Pakistan's economic position.
Several crucial legislative measures were also discussed and approved during the meeting. The Cabinet approved the transit of World Food Program vehicle spare parts from Karachi to Kabul through Pakistan, enabling continued food supply operations in Afghanistan.
In a significant step towards higher education reform, the Cabinet approved the Higher Education Commission Amendment Bill 2023, which aims to bring innovation and modernization to Pakistan's higher education system and enhance transparency in the commission's affairs. Additionally, the Federal Urdu University for Arts, Science, and Technology Amendment Bill 2023 received in-principle approval, focusing on modernizing the university and promoting research activities.
The National Commission for Human Development Ordinance 2002 is also set to undergo amendments after receiving in-principle approval from the Cabinet. These legislative measures will be presented in the Cabinet Committee on Legislative Cases for further consideration.
The meeting placed emphasis on improving waste management in the Islamabad Capital Territory, with the Prime Minister directing the implementation of a comprehensive solid waste management system. Two action plans have been formulated under this project, with short-term policies already in effect, initiating waste collection from various areas, including suburban regions. In the long-term, high-quality international companies will be contracted through tender processes. Furthermore, the Prime Minister highlighted the need to address hazardous waste generated by hospitals, urging experienced companies to handle its disposal responsibly. The Solid Waste Management Bill for Islamabad Capital Territory was given in-principle approval to be sent to the Cabinet Committee on Legislative Cases.
Another important bill that received in-principle approval was the Private Security Services Regulatory Bill 2023, which aims to establish the Private Security Services Regulatory Authority to oversee the formal security system in the country.
Additionally, the Cabinet granted approval in principle to establish the Pakistan Land Port Authority, with the directive to consult the Ministry of Commerce before sending the draft legislation to the Cabinet Committee on Legislative Cases.
The Federal Cabinet meeting, under the leadership of Prime Minister Shehbaz Sharif, showcased the government's commitment to implementing vital reforms and initiatives across various sectors to drive progress and development in Pakistan. The collective efforts of all stakeholders and the support of friendly nations are vital in navigating the country towards economic stability and sustainable growth.