Federal cabinet likely to consent on Assets Declaration and Amnesty Scheme 2019

Dunya News

The cabinet will examine a 17-point agenda during today's meeting.

ISLAMABAD (Dunya News) – Prime Minister (PM) Imran Khan on Tuesday will preside over a meeting of the federal cabinet in Islamabad to analyse a 17-point agenda.

The meeting of the federal cabinet is likely to approve the Assets Declaration and Amne¬sty Scheme 2019 for an immediate implementation through a presidential ordinance to be given parliamentary sanction as part of Finance Act 2019 in May-June.

In this regard, Finance Minister Asad Umar would brief the cabinet for an update, and it would be considered whether the amnesty scheme should be introduced through a bill or presidential ordinance.

The cabinet is also expected to reach a decision on salaries of members of the Oil and Gas Regulatory Authority (OGRA).

Furthermore, policies and methodology of induction of new members and replacing officials in divisions and ministries may also be revised.

Importantly, the federal cabinet, under Section 2(J) of the Anti-Money Laundering Act 2010, will take up a summary of the finance ministry seeking designation of provincial counter-terrorism departments as Investigating and Prosecuting Agency under. This move is to comply with requirements of the Paris-based Financial Action Task Force (FATF).

Moreover, the cabinet will approve the extension in deputation period of the chairman of the Federal Board of Education.