Home Business CCLC approves Foreign Exchange Amendment Bill 2026, defers Press Council Act

CCLC approves Foreign Exchange Amendment Bill 2026, defers Press Council Act

ISLAMABAD, Nov 13 (Alliance News): The Cabinet Committee for Disposal of Legislative Cases (CCLC), chaired by Federal Minister for Law and Justice Senator Azam Nazeer Tarar, on Friday approved several legislative proposals, including the Foreign Exchange Regulation (Amendment) Bill 2026 and a comprehensive legal and administrative package for transferring plant protection functions to the National Agriculture Trade and Food Safety Authority (NAFSA).

The meeting was attended by senior officers from the relevant ministries and government departments, who reviewed various legislative and administrative proposals.

The committee approved a proposal concerning leave prior to retirement (LPR) in the Armed Forces, including payment in lieu of the unavailed portion of such leave.

It also endorsed amendments to replace references to the Federal Government with the names of relevant competent authorities in various laws administered by the Securities and Exchange Commission of Pakistan (SECP), aiming to reflect the appropriate institutional responsibilities.

The Foreign Exchange Regulation (Amendment) Bill 2026 was approved following a review of proposed changes to the existing legal framework governing penalties and financial fines for violations related to foreign exchange regulations.

In another key decision, the committee deferred the draft Press Council of Pakistan Act 2026 for further consultation before proceeding with its legislative consideration.

The CCLC also approved a comprehensive legal and administrative package for transferring plant protection functions to NAFSA. The package includes amendments to relevant plant protection rules and arrangements for transferring associated legal documents to the authority.

The approved legislative drafts and proposals will now be forwarded to the relevant forums for further consideration and completion of the required legal and administrative procedures.