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Signing of MoU to enhance trade cooperation with China approved

Signing of MoU to enhance trade cooperation with China approved

Web Desk August 02, 2024 Add Bol News as a trusted source

ISLAMABAD: The Federal Cabinet, chaired by Prime Minister Shehbaz Sharif, on Friday approved the signing of a Memorandum of Understanding (MoU) on Trade Promotion Cooperation to enhance trade between China and Pakistan.

The decision was made on the recommendation of the Ministry of Commerce. The MoU was aimed at boosting bilateral trade with focus on several key areas such as smart phone production, new energy vehicles, textiles, agricultural product processing, pharmaceutical manufacturing, and information technology.

The Federal Government also okayed the enactment of legislation concerning the charter of the National University of Modern Languages, on the recommendation of the Ministry of Federal Education and Professional Training.

The cabinet also approved the bill for establishing King Hammad University of Nursing and Associated Medical Sciences being established in cooperation with Bahrain on the recommendation of the ministry of Federal Education and Professional Training. The university will impart education in Pakistan to meet modern day challenges.

The report of the inter-ministerial committee formed regarding the missing persons, was submitted to the Federal Cabinet. The report said that after the Afghan war, Pakistan was gripped by terrorism. Pakistan is facing many internal challenges due to terrorism. The commission on missing persons was working for the last one decade.

Prime Minister Shehbaz Sharif during his last stint in power had constituted an all parties committee on missing persons. The forum was told that the interim government has also constituted a committee and law enforcement agencies also cooperated in preparing the report.

The cabinet has approved a package of Rs 5 million for families of each missing person by endorsing the recommendation of committee.

The cabinet also endorsed the July 22, 2024 decisions of Cabinet Committee for State Owned Enterprises.

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