ISLAMABAD: The Senate Standing Committee on Commerce finalised and gave approval to the amendments in State life Insurance Corporation (SLIC), Re-Organisation and Conversion Bill, 2016 with majority on Wednesday at the Parliament House. Senate Standing Committee on Commerce Chairman Senator Shibli Faraz observed that the committee has burnt midnight oil to propose amendments in the State Life Insurance Corporation, Re-organization and Conversion Bill, 2016 and intends to make sure that the interests of the policy holders and employees of the SLIC are protected. The social impact of the legislation should be kept in mind, he said. The members of the Committee also underscored the need to protect the interests of the policy holders. Commerce Minister Ghulam Dastageer Khan said that the ministry disagreed with the proposed amendments. Senator Rahila Magsi also opposed the amendments; however, other members of the committee approved the amendments for incorporation in the said Bill.