NAB Ordinance repealed, new law to be enacted: Sherry
ISLAMABAD: The Federal Cabinet Wednesday decided to repeal the National Accountability (NAB) Ordinance and replace it with a new bill which will be presented before the parliament. Federal Information Minister, Sherry Rehman said this while briefing the media on the decisions taken by at the Federal Cabinet meeting here. Amendments will also be made in the Oil and Gas Regulatory Authority’s Ordinance. She said the Cabinet has approved a 50 per cent increase in taxes on import of 350 items described as luxury goods including expensive vehicles. It was also decided to table a bill before the parliament to regularize the service of contractual employees of Grade-1 to 15. Sherry Rehman said the daylight savings time will continue till October 31, 2008 instead of earlier date of August 31, 2008. The Cabinet also decided to enhance representation of minority in the Senate, the Information Minister said. To a question she said, increase in import tax will also bring reduction in the import bill of the country.
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