Federal Cabinet Approves Transfer of Khyber Pakhtunkhwa Chief Minister’s Powers to Governor and Clears New Currency Note Designs; Rs 10 Note to Be Replaced by Coin
ISLAMABAD: The federal cabinet, led by Prime Minister Shehbaz Sharif, has given official nod to transfer specific powers of the Khyber Pakhtunkhwa Chief Minister to the Provincial Governor.
The powers were delegated to the governor to handle daily administration and for effective governance in the event of emergency, the official communique of the cabinet said. The notification says the governor will be required to submit “a monthly review report” to the federal government of the exercise of those powers. The cabinet has expressed hope that the advisory council and governor will make strong moves to promote public prosperity and ensure law and order.
The main points of the Federal Cabinet Decisions are given below:
Defense Cooperation Pact with Kuwait Ratified: The cabinet formally approved the defense cooperation pact signed between Pakistan and Kuwait on June 11, 2023, for enhancing defense cooperation between the two nations. On July 19, the government in Kuwait had ratified the pact.
New Currency Note Designs Approved: The federal cabinet approved the designs for a brand-new series of currency notes. A detailed briefing was conducted where designs were sourced from well known artists and designers via a cabinet committee set up by the Prime Minister. The new notes will be equipped with state-of-the-art security measures to help deter counterfeiting, and they’ll be made of updated, long-lasting materials. Besides, the cabinet agreed to swap Rs 10 currency note with a coin.
Cabinets also formelised approval of previous meetings of the Cabinet Committee on State-Owned Enterprises (SOEs) and the Cabinet Committee on Legislative Cases.