The federal cabinet, chaired by Prime Minister Shehbaz Sharif, concluded a high-level meeting on Thursday in Islamabad, during which several key decisions were made on national security, energy reforms, and economic policies. The cabinet approved the Finance Bill for the fiscal year 2025–26, including certain amendments.
Officials attending the session were briefed on the recent decisions taken by the National Security Committee. The cabinet was also updated on regional developments and expressed satisfaction over the easing of tensions between Iran and Israel. A resolution was unanimously passed appreciating the Prime Minister and Pakistan’s diplomatic leadership for playing a constructive role in reducing regional tensions.
In the energy sector, the cabinet approved a proposal by the Ministry of Energy to speed up the nationwide installation of smart electricity meters. Additionally, the authority to determine petroleum levy rates has been officially transferred to the Petroleum Division, a move expected to streamline fuel pricing mechanisms.
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Cabinet members also received briefings on the broader state of the national economy and energy challenges. Following deliberations, several policy directions were finalized.
The cabinet gave its in-principle approval to amend certain existing laws. These proposed amendments have been forwarded to the Cabinet Committee on Legislative Affairs for further evaluation.
Moreover, a committee has been formed to address a specific issue related to gas policy. This committee is expected to present its recommendations before the Supreme Court.