ISLAMABAD: The cabinet has approved the export of 100,000 tons of wheat to Iran. According to sources, the supply of wheat to Iran will be made on barter for adjustment of dues of the electricity that was imported from Iran to the border areas of Balochistan. The Commerce Ministry moved the summary for the export of wheat to the cabinet.
The cabinet considered and agreed in principle to a national policy that aims to protect, conserve and provide sustainable means to improve the quality of life of overseas Pakistanis. It aims to create an environment of safe investment and facilitate/motivate foreign remittances through legal channels and to provide protection to their assets. Another important objective of the policy is to facilitate the Pakistani diaspora to contribute in the development of their country.
The policy was referred to of the policy is to facilitate Pakistani Diaspora to contribute in the development of their country. The policy was referred to the Law Division for detailed examination and would be brought before the cabinet for final approval.
The cabinet approved finalisation/signing of MoU on long-term plan on Pakistan-China economic corridor. The signing of the MoU would enable the planning authorities of the two countries to comprehensively plan the long-term development of the economic corridor that would effectively and efficiently catalyze economic growth and create employment opportunities in the region.
It also approved signing of the MoU for cooperation in the field of marine science and technology between State Oceanic Administration (SOA) of China and the Ministry of Science and Technology. The proposed MoU between the two governments provides for broader guidelines; with its objectives, priority areas, modes and modalities of cooperation for both sides to follow for implementation of specific programmes of cooperation.
The cabinet considered and gave its approval, in principle, to enter into negotiations on Code of Practice for Cooperation in Return of Pakistanis to their Country between the Government of Pakistan and Republic of Austria.
It also considered and gave its approval, in principle, for initiating negotiations on the draft Memorandum of Understanding (MoU) between Pakistan and Maldives on Cooperation in Combating Illicit Trafficking and Abuse of Narcotic Drugs, Psychotropic Substances, and their Precursors.
The Finance Division gave a detailed presentation to the cabinet on Consumer Price Index in the country to oversee/discuss the trend of prices of essential commodities. The cabinet expressed its satisfaction on the price situation of essential commodities prevailing in the country.
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