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Will go to IMF to Make Electricity Cheaper, Development Cannot Happen until Prices are Reduced, Working with Provinces on Available Options, says PM Shahbaz Sharif

 


ISLAMABAD (News Reporter) The federal cabinet has approved the declaration of the Federal Board of Revenue infrastructure as critical infrastructure under PECA 2016. The temporary permit of international airline FlyDubai for weekly frequencies of flights from Lahore and Islamabad to Dubai and from Dubai to Lahore and Islamabad from January 4, 2025 to February 3, 2025. Prime Minister Shehbaz Sharif has said that the United Arab Emirates has decided to postpone the payment of 2 billion US dollars by Pakistan, which was due in January this year, which is very welcome for our economy. Emirati President Sheikh Mohammed bin Zayed has expressed his commitment to investing in Pakistan. Until the price of electricity is reduced, there will be no development in the sectors of agriculture, industry, exports and trade. Reducing the price of electricity is very important for growth. This matter will be taken up with the IMF. Work on available options with the provinces to reduce the price of electricity.

We are doing this. We have to use non-traditional means to increase exports. We will not allow the Karam peace agreement to be sabotaged. We will end the heinous business of human trafficking. We have to focus on export-based growth. The economy is stabilizing. We will achieve our goal soon. He expressed these views while addressing the federal cabinet meeting on Tuesday. He said that I requested the UAE President to increase investment, to which he expressed his commitment. I also had a one-on-one meeting with the Emirati President. On my request, he has decided to postpone the payment of $2 billion, which is due in January. He told the cabinet that last week, while taking an important decision on the price of electricity, he said that it is the backbone for the development of the economy. Unfortunately, it was ignored in the past and now it has become a burden. There was not even a board of SMEDA, now the board has been completed. The federation will make it a successful institution in collaboration with the provinces.

There will be another meeting in this regard on January 15. The Prime Minister also informed the cabinet about the visit of the Indonesian President to Pakistan this month and said that an agenda is being prepared to increase trade and investment with Indonesia. During the visit of the Indonesian President to Pakistan, progress will be made in terms of trade in various goods including halal meat, rice and edible oil. He termed the nefarious act taken to sabotage the agreement after the peace agreement in Lower Kurram as regrettable. The Prime Minister said that the government is working single-mindedly to prevent human trafficking and will put an end to this heinous business. Meanwhile, the federal cabinet has approved the appointment of the Federal Board of Revenue. Infrastructure has been declared as critical infrastructure under COPICA 2016.

This move will help in further securing the sensitive data of the FBR. The federal cabinet has approved the extension of the temporary permit of international airline FlyDubai for weekly frequencies of flights from Lahore and Islamabad to Dubai and from Dubai to Lahore and Islamabad from January 4, 2025 to February 3, 2025. The Prime Minister directed that 60 percent of all public sector imports and exports should be handled through Gwadar Port without any special arrangement in imports and exports. The meeting was further informed that from January 1,From 2025, the use of paper has been abandoned for communication between all federal ministries and divisions and only e-office is being used for all file movement and other correspondence.

The implementation of e-office has been made 100 percent in 21 ministries/divisions, which will not only save time but will also benefit the national exchequer in terms of stationery and petrol, while the processing period of summary has now been reduced to a maximum of only three days. The federal cabinet has exempted the purchase/acquisition of refurbished Chromebooks for schools and colleges under Section 21A of the Public Procurement Regulatory Authority Ordinance. The Prime Minister directed that a third-party audit of the purchase of these Chromebooks be made mandatory. The federal cabinet approved the signing of a memorandum of understanding on cooperation in the establishment of textile parks between the Board of Investment and Shandong Rui Group China, and the signing of a memorandum of understanding between the Diplomatic Academy, Ministry of Foreign Affairs of the Republic of Serbia and the Foreign Service Academy, Ministry of Foreign Affairs of the Islamic Republic of Pakistan.

The recommendations of the Cabinet Committee on Private Hajj Operators Court Cases were presented to the federal cabinet. The committee has recommended that the arrangements for Hajj 2025 will be made by the existing 46 organizers. The committee has further recommended that a new Hajj policy be made for the coming years. The federal cabinet has approved the recommendations of the said committee. The cabinet has directed that steps be taken to bring all court cases regarding private Hajj operators to a logical conclusion. The federal cabinet has ratified the decisions taken in the meetings of the Cabinet Committee on Legislative Cases on December 31, 2024 and January 1, 2025.

 

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