The Federal Cabinet, under the chairmanship of Prime Minister Muhammad Shehbaz Sharif, has approved two presidential ordinances.
According to sources, the Cabinet gave its approval to the Societies Registration (Amendment) Ordinance, related to the registration of madrasas, and the Income Tax Ordinance. These ordinances will allow for the collection of taxes on an additional profit of Rs. 70 billion from banks.
In his address during the Cabinet meeting, Prime Minister Shehbaz Sharif emphasized the need for the Afghan government to adopt a firm policy against the Tehrik-i-Taliban Pakistan (TTP). He stated that dual policies would not be acceptable, and Pakistan’s armed forces and law enforcement agencies are fully committed to combating terrorism. He reiterated that Pakistan desires better relations with Afghanistan, including economic cooperation. However, he expressed concern that the TTP continues to operate from Afghan soil, causing the loss of innocent lives in Pakistan. He stressed that this situation is unacceptable and vowed to defend Pakistan’s sovereignty.
The Prime Minister further stated that Pakistan has repeatedly communicated to Afghanistan that while the country seeks good relations, the Afghan government must completely shut down TTP operations and prevent them from targeting Pakistanis. He made it clear that dual messaging—seeking improved relations while allowing TTP activities—is not feasible.
On the financial front, Prime Minister Sharif announced that banks, after discussions regarding their capital and profits, will contribute Rs. 70 billion to the national treasury this year. An additional Rs. 70 billion will be collected over the next two years.
In a final note of optimism, the Prime Minister shared the exciting news that Pakistan will be hosting an ICC event, providing the nation with an opportunity to enjoy high-quality cricket during the Champions Trophy.
