In order to register Postal Life Insurance as a public limited company, the committee approved an amount of Rs700 million as initial paid-up capital. Following the approval, Postal Life Insurance shall fall under the regulatory framework of the Securities and Exchange Commission of Pakistan. Moreover, the ECC approved the creation of a Digital Media Wing in the Ministry of Information and Broadcasting. The purpose of the wing shall be to effectively counter the fake/libellous news and highlight the development agenda of the government. The committee meeting was attended by federal ministers of national food security and research, railways, energy and privatization ministries.

Source: Pakistan Today February 04, 2020 16:30 UTC