Finance Minister Senator 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 10 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. Senior officials of the Ministry of Finance attended the meeting.
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