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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 Pub­lic Accounts Committee (PAC) on Tuesday propo­sed deferring the privatisation of power companies, expected to take place in January, until their assets, machinery, land and other properties are properly assessed and revalued to prevent potential losses to the national exchequer.