Fee exemption for PIAC approved by cabinet


ISLAMABAD: The assembly of the Cupboard was held on Tuesday in Prime Minister’s Workplace with Prime Minister Shahid Khaqan Abbasi in chair, the place it permitted a proposal by Aviation Division to grant exemption to Pakistan Worldwide Airways Company Restricted (PIAC) from price payable at zero.1 per cent to the Pakistan Inventory Alternate Restricted (PSX) and supervisory price payable at 10 per cent to Securities and Alternate Fee of Pakistan (SECP) of PSX price on issuance of further shares.

Furthermore, the institution of Insurance coverage Tribunal at Lahore and Multan was additionally permitted.

The Cupboard permitted the appointment of Air Marshal Ahmer Shahzad because the chairman of Pakistan Aeronautical Advanced Board Kamra.

Extension in contract appointment of Omar Arshad Hakeem, Judicial Member (BS-21) Customs Appellate Tribunal, Bench II Lahore for an additional interval of two years was allowed by the Cupboard.

The Cupboard permitted a proposal of Legislation and Justice Division for repatriation of Manoo Mal Khagaija, Choose Banking Court docket-I Hyderabad to Sindh Excessive Court docket and appointment of Syed Nasiruddin Shah, District and Session Choose as Choose Banking Court docket -I Hyderabad.

The Cupboard additionally ratified suggestions of the Cupboard Committee for disposal of legislative instances held on September 22.

Proposal of Financial Affairs Division for the signing of Monetary Cooperation Settlement (FCA) 2015 with Germany was additionally permitted.

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