Beirut: The Finance and Budget Committee, chaired by MP Ibrahim Kanaan, and attended by Finance Minister, Yassin Jaber, convened to discuss the settlement of public sector pensions and end-of-service benefits. The session also addressed measures to encourage investments in Lebanon and continued reviewing a draft law to replace paper stamps with electronic ones.
According to National News Agency - Lebanon, the committee is focused on finding solutions to ensure the timely payment of pensions and end-of-service benefits for public sector employees. The discussions aimed at addressing the financial sustainability of these payments amidst ongoing economic challenges in the country.
The session also included deliberations on strategies to attract more investments into Lebanon. The committee explored various incentives that could be implemented to foster a more conducive environment for both local and foreign investors. Emphasis was placed on creating a framework that simplifies procedures and enhances transparency in investment-related processes.
Additionally, the committee reviewed a draft law proposing the replacement of traditional paper stamps with electronic ones. This initiative is part of broader efforts to modernize administrative processes and reduce bureaucratic hurdles. The transition to electronic stamps is expected to streamline operations and increase efficiency in governmental transactions.