PID

PR No.169 Islamabad, April 20, 2016

A meeting of the Laws Review Committee was held here Wednesday. Finance Minister, Senator Mohammad Ishaq Dar chaired the meeting.

The Committee reviewed the present legal position regarding the investment regime governing inflow and outflow of capital in the country. The Committee noted that there was need for a detailed review of the relevant laws to bring them in line with the latest trends and international best practices.

It was decided that the concerned Ministries / authorities should carry out the necessary review and submit proposals, in the form draft amendments, for consideration of the Committee. The review should aim at removing any loopholes or lacunae in the existing laws which enable windfall gains that are detrimental to public revenue.

The meeting was attended by Federal Minister for Law & Justice, Mr. Zahid Hamid, Minister of State for Information Technology, Anusha Rehman Khan, Special Assistant to Prime Minister, Khawaja Zaheer Ahmed, Special Assistant to Prime Minister on Law, Barrister Zafarullah Khan, Secretary to Prime Minister, Fawad Hassan Fawad and former Attorney General Mr. Salman Aslam Butt.

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