ISLAMABAD — The federal cabinet’s legislative review committee has approved amendments to Pakistan’s foreign exchange laws, changes to Armed Forces retirement leave arrangements, and a legal package transferring plant protection functions to a new regulatory authority. The Cabinet Committee for Disposal of Legislative Cases met on Friday under the chairmanship of Law and Justice Minister Senator Azam Nazeer Tarar.
The approved proposals will now be forwarded to the relevant forums for further proceedings. Proposed Changes The committee approved the Foreign Exchange Regulation (Amendment) Bill 2026, which seeks to revise the legal framework governing penalties and financial fines for violations of foreign exchange regulations. It also approved replacing references to the federal government in various laws administered by the Securities and Exchange Commission of Pakistan (SECP) with the names of the relevant competent authorities. The committee cleared a proposal concerning leave prior to retirement for Armed Forces personnel.
The proposal also provides for payments in lieu of the portion of retirement leave that personnel do not use. The meeting also approved a comprehensive legal and administrative package for transferring plant protection functions to the National Agriculture Trade and Food Safety Authority.