Pakistan’s federal cabinet’s legislative review committee has approved amendments to the country’s foreign exchange laws, along with changes to Armed Forces retirement leave arrangements and the transfer of plant protection functions to a new regulatory authority.
The decisions were taken during a meeting of the Cabinet Committee for Disposal of Legislative Cases on Friday, chaired by Law and Justice Minister Senator Azam Nazeer Tarar. The approved proposals will now be forwarded to the relevant forums for further proceedings.
The committee approved the Foreign Exchange Regulation (Amendment) Bill 2026, which aims to revise the legal framework governing penalties and financial fines for violations of foreign exchange regulations.
It also approved changes to laws administered by the Securities and Exchange Commission of Pakistan (SECP), replacing references to the federal government with the names of the relevant competent authorities.
In another decision, the committee cleared a proposal allowing Armed Forces personnel to receive payments in lieu of retirement leave they do not use. The proposal also covers leave arrangements before retirement.
The committee further approved a legal and administrative package to transfer plant protection responsibilities to the National Agriculture Trade and Food Safety Authority. The package includes amendments to relevant rules and arrangements for transferring related legal documents.
Meanwhile, the draft Press Council of Pakistan Act 2026 was deferred for further consultation.
