Prime Minister Shahid Khaqan Abbasi chaired a meeting of the Federal Cabinet at Prime Minister’s Office today. Annual Report and Audited Financial Statement of Audit Oversight Board for the Year, 2017 was presented before the Cabinet. The Cabinet approved signing of 07 MoUs with various countries aimed at enhancement of economic and strategic cooperation and carrying out a feasibility study of a project. The Cabinet approved Prevention of Smuggling of Migrant Ordinance, 2018. The Cabinet also assented to ceiling for allocation of Grants-in-Aid to Bar Councils and Bar Associations for 2017-18. The Cabinet also approved appointment of Managing Director, Utility Stores Corporation. A proposal to grant additional charge of the Post of Chairman Port Qasim Authority Karachi to Director General Ports & Shipping was also approved. The Cabinet was also given a detailed presentation China-Pakistan Economic Corridor (CPEC) including various projects being undertaken in energy sector, infrastructure, industrial cooperation and development of Gawadar. Giving details of various projects under the CPEC portfolio, it was informed that the energy sector and infrastructure development constituted the major areas under the first phase of CPEC. Various energy sector projects being set up under the CPEC project would contribute over 17000 MW of energy to the national grid on completion. The meeting was informed that CPEC would significantly help towards ensuring inclusive development especially the socio-economic development of the less developed areas of the country. It was informed that CPEC project would help increasing GDP growth and would strengthen various sectors of the economy. The Cabinet approved a summary regarding rationalization of the prices of CNICs and National Identity Cards for Overseas Pakistanis (NICOP). *****
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