The Federal Cabinet has approved policy guidelines for trading in the carbon market which helps channel financial resources to reduce carbon emissions and mitigate their contribution to climate change.                                                

The approval was granted at a meeting of federal cabinet held in Islamabad today, with Prime Minister Muhamad Shehbaz Sharif in the chair.                                                                  

The meeting also approved assigning additional powers of Insurance Tribunal to all the District and Sessions Judges of Khyber Pakhtunkhwa.                        

This approval has been granted as per the orders of Peshawar High Court and recommendations of Law Ministry.

Th cabinet also approved amendments in the Income Tax Ordinance 2024 and the Societies Registration Act, 1860.