ISLAMABAD - Federal Cabinet has accorded approval to the proposal of restructuring power distribution companies.
Briefing media after the cabinet meeting chaired by Prime Minister Imran Khan in Islamabad, Minister for Information and Broadcasting Shibli Faraz said names of the new board members would be made public soon.
The Information Minister said the cabinet also gave approval to export of locally made personal protection equipment, the Radio Pakistan reported.
He said the meeting decided to establish Hajj and Pension Fund and the Prime Minister directed to include best experts of world in management of the Pension fund.
The Minister said the Federal Cabinet paid tribute to Prime Minister Imran Khan for steering the country out of multiple crises with his visionary approach.
He said Pakistan, under Imran Khan's leadership, set an exemplary precedent by tackling corona pandemic.
Shibli Faraz said during the past one week many positive developments took place regarding improvement in economy.
He said the cabinet also appreciated the Prime Minister for raising Kashmir issue courageously in the United Nations by becoming advocate of Kashmiris.
Pakistani rupee remains stable against US dollar in the open market on February 25, 2024 (Sunday).
In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.
Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.
UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.
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