Cabinet likely to add more countries on Pakistan’s business visa list


NAB

By Shahzad Paracha

ISLAMABAD: The federal cabinet is poised to greenlight the addition of more countries to the business visa list facilitated by the Pakistan online visa system.

According to documents, Caretaker Prime Minister Anwarul Haq Kakar is set to preside over the cabinet meeting scheduled for Wednesday with 10 items being on the agenda for discussion.

Among the anticipated approvals is the inclusion of additional countries in the business visa list through the Pakistan online visa system.

Furthermore, the federal cabinet is expected to grant an exemption from Public Procurement Regulatory Authority (PPRA) rules to the Trading Corporation of Pakistan for the import of 200,000 metric tons of urea.

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Insiders said that the government is strategically ensuring fertilizer availability during December and January by importing urea on a government-to-government basis from Russia and China.

According to official documents, the Board of Investment will provide the cabinet with a briefing on the Pakistan-GCC Free Trade Agreement negotiations held in September this year.

Similarly, the Revenue Division will present a summary concerning the tax on windfall profits earned by banks through foreign exchange transactions in the calendar years 2021 and 2022.

The forthcoming cabinet meeting is also anticipated to secure approval for the hajj policy, as well as deliberations on the placement and removal of names from the Exit Control List (ECL).

Additionally, the approval of the state property budget and the ratification of decisions taken by the Economic Coordination Committee (ECC) will be on the agenda.

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