Finance
Minister, Senator Mohammad Ishaq Dar here on Tuesday chaired
a meeting to review progress on different draft laws initiated by the Ministry
of Finance for enactment.
Acting
Finance Secretary briefed the meeting that presently there were ten bills
relating to different Laws under process at different stages. These
included Corporate Rehabilitation Bill 2017, Amendment in Bank's
(Nationalization) Act 1974, Loans for Agricultural, Commercial & Industrial
Purposes (Amendment) Bill 2017, SBP-BSC Amendment Bill, 2017, The Auditor
General’s Functions, Power & Terms and Conditions of Service (Amendment
Bill), 2017 etc. The Acting Secretary informed that the Finance Ministry
officials were assisting the National Assembly and Senate Secretariats in the
processing of these legislative proposals.
The
Acting Secretary also apprised the Minister regarding formulation/amendments in
different Rules to make them compatible with present day
requirements. These included Loans for Agriculture, Commercial & Industrial
Purposes Rules, 1973, Draft Investor Education & Awareness Fund Rules, 2017
and Rules under the Financial Institutions (secured transaction) Act, 2016. He
said that substantial progress had been made in the recent weeks and the work
in this regard would be completed soon.
The
Minister stated that the legislative proposals were part of the reform agenda
of the government and their timely completion must be ensured. He directed the
officials to keep close liaison with the Ministry of Parliamentary Affairs and
Secretariats of National Assembly and the Senate in this regard.
Senior officials
of the Ministry of Finance attended the meeting.
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