The Federal Cabinet has approved the transfer of powers—previously delegated to the Chief Minister—to the Governor of Khyber Pakhtunkhwa, to facilitate the smooth conduct of administrative affairs and further improve governance in the province during the period of emergency.
According to a statement issued by the Prime Minister’s Office, a meeting of the Federal Cabinet was held under the chairmanship of Prime Minister Shehbaz Sharif. The Cabinet approved the transfer of powers—previously vested in the Chief Minister—to the Governor of Khyber Pakhtunkhwa. This transfer is intended to facilitate the smooth conduct of administrative affairs and improve governance in the province during the period of emergency.
The Governor of Khyber Pakhtunkhwa will submit a monthly review report to the Federal Government regarding the exercise of these powers. Welcoming this decision, the Federal Cabinet expressed hope that the Khyber Pakhtunkhwa Advisory Council, under the leadership of the Governor, would make concerted efforts toward the welfare and prosperity of the province’s people, as well as the establishment of law and order.
The Federal Cabinet ratified a defense cooperation agreement between Pakistan and Kuwait. This agreement, concluded on June 11, 2023, aims to foster cooperation in the defense sector between the two brotherly nations. The Kuwaiti government had ratified the agreement on July 19.
On the recommendation of the Ministry of Finance, the Federal Cabinet approved the designs for new currency notes. A detailed briefing on the new currency notes was presented to the Cabinet.
The briefing noted that proposals for the designs of the new currency notes were solicited from artists and designers across the country. Furthermore, a Cabinet committee—established by the Prime Minister—conducted extensive consultations with all relevant stakeholders regarding the matter. The meeting was informed that, in order to prevent the circulation of counterfeit currency, security features will be enhanced and advanced materials will be utilized; this will also extend the lifespan of the banknotes.
The Federal Cabinet also approved the introduction of a ten-rupee coin to replace the ten-rupee banknote.
The Federal Cabinet ratified the decisions taken by the Cabinet Committee on State-Owned Enterprises (CCOSOEs) during its meeting held on October 26.
The Federal Cabinet ratified the decisions taken by the Cabinet Committee on Legislative Cases (CCLC) during its meetings held on January 22, February 26, August 5, 18, and 27, and September 11 and 22.
Also Read: When will new design currency notes be introduced in the country?
