ISLAMABAD: The federal cabinet has allowed the State Bank of Pakistan to acquire shares of Zarai Taraqiati Bank Limited and House Building Finance Company Limited.
The permission was given at a meeting of the cabinet in Islamabad, with Prime Minister Shahid Khaqan Abbasi in the chair.
The arrangement would settle the loans owed to State Bank by Zarai Taragiati Bank and House Building Finance Company.
The Combined Financial Statements of the federation, all provincial governments and district authorities for the years 2010-11 to 2013-14 were also placed before the Federal Cabinet for perusal.
The cabinet approved in principle the proposals submitted by Ministry of National Health Services, Regulations and Coordination regarding maximum retail prices of drugs.
Proposal of the Ministry of Education and Professional Training to sign a Memorandum of Understanding in the field of Technical and Vocational Training with Algeria was also approved. –Samaa/app