The federal cabinet on Wednesday, which met under the chairmanship of Prime Minister Shahid Khaqan Abbasi, expressed ‘deep appreciation’ for Finance Minister Ishaq Dar for his ‘extraordinary role’ in achieving 10-year high growth rate of 5.3 percent in financial year 2017 which, the cabinet claimed, was endorsed and acknowledged by the World Bank in its recent statement.
The cabinet approved the appointment of Justice Musarrat Hilali, judge of the Peshawar High Court as the Judge Special Appellate Court, Khyber-Pakhtunkhwa under Section 46(1) of the Prevention of Smuggling Act, 1977.
The cabinet approved the proposal to notify the Pakistan Mortgage Refinance Company Limited as Development Financial Institution under Section 3-A of the Banking Companies Ordinance 1962.
Ex-Post Facto approval of acceptance of Argentine award ‘Order of Mayo’ by. Imtiaz Ahmed, Additional Secretary, Foreign Affairs Division, was also granted. Imtiaz Ahmed had received the award while serving as an ambassador of the country in Argentine.
The cabinet also approved the signing of Inter-Governmental Agreement regarding the supply of liquefied natural gas (LNG) between the Ministry of Energy (Petroleum Division) and the Economic Planning Unit, Malaysia.