Cabinet Approves Enhancement In Privatization Commission Board Members’ Strength

The federal cabinet with Prime Minister Muhammad Shehbaz Sharif in the chair, on Tuesday, approved increase in the strength of members of Privatization Commission Board from the existing 8 to 11 on the recommendations of Privatization Division

ISLAMABAD, (UrduPoint / Pakistan Point News - 13th Aug, 2024) The federal cabinet with Prime Minister Muhammad Shehbaz Sharif in the chair, on Tuesday, approved increase in the strength of members of Privatization Commission Board from the existing 8 to 11 on the recommendations of Privatization Division.

On the International Women's Day, the prime minister had directed for representation of women in the country’s significant boards and under his vision, women members would be appointed on these new seats, PM Office Media Wing said in a press release.

The cabinet also directed for taking of all measures to keep prices of urea fertilizer under control and directed for provision of uninterrupted gas supply to urea manufacturing factories even after September 2024 instead urea import in the light of a decision taken by Economic Coordination Committee on August 2.

“Agriculture has been the backbone of the country’s economy and the cabinet directed for ensuring reduction in the prices of agriculture inputs to mitigate farmers’ per acre expenses,” a press release in Urdu language said.

It also ratified decisions taken by the Cabinet Committee on Privatization during its meeting on August 2, however, the prime minister further directed for submission of a comprehensive plan over those State Owned Enterprises (SOEs) whose privatization had already been approved.

On the recommendation of Ministry of Federal Education and Professional Training, the cabinet approved implementation of court’s order regarding regularization of daily-wage teachers of Federal Directorate of Education (FED).

It also approved signing of MoU between ministries of foreign affairs of Pakistan and Democratic Guatemala, on the recommendation of ministry of foreign affairs, for initiation of political consultations, besides, according approval to the signing of MoU between Pakistan and Ecuador for holding of bilateral political consultations.

The cabinet ratified the decisions taken by the Cabinet Committee on State Owned Enterprises (CCoSOEs) taken on August 5, besides giving nod to decisions taken by Cabinet Committee on Legislative Cases on July 31.