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Financial Services

Finance Minister Discusses Proposals of National Logistic Board

Islamabad: The Federal Minister for Finance and Economic Affairs Dr. Abdul Hafeez Shaikh today chaired a meeting about the different proposals of National Logistic Board (NLB).

The NLB demanded to establish six terminals at the borders areas of Taftan, Chaman, Torekham, Wagha, Jamrode and Sust. Finance Minister and his economic team discussed the different procedural hindrances to execute the NLB’s demand.

They decided to involve all stakeholders like ministry of commerce, interior and antinarcotics through a multi agency meeting to solve the issues and to operationalise the NLB proposal.

NLB also raised the issue of logistic of goods by different embassies including US and ISAF under Afghan-Pakistan Transit Trade Agreement without getting NOC from National Logistic Cell. It was decided that the strict compliance of existing rules and procedures on such transportation of goods should be observed.

Finance Minister approved the expansion of Railway Freight Service of NLC. In this way, the NLC are allowed to purchase trains/ locomotives from Pakistan railway, South Korea and General Electric, USA.

Finance minister also approved the proposal of NLB to purchase 300 prime movers @ Rs. 2.45 billion from M/S Hino Pak in phases.

While talking to the establishment of an Army Public School, a project of Punjab Government, finance minister advised NLB to conform its rule as a contractor to avoid any ambiguity in funding.

Secretary Finance, Secretary Planning, Dy. Chairman Planning Commission, Secretary Communication, Chairman FBR and other High officials of National Logistic Board (NLB) were present in the meeting.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

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