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Page 162 - அமைச்சகம் ஆஃப் கடல் வாழ்க்கைத்தொழில்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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ECC approves 51% stake sale in state company to UK

ECC approves 51% stake sale in state company to UK Govt to convert a 12-year-old grant into equity in a questionable deal ISLAMABAD: A cabinet body has approved to sell majority stake in a government-owned company to the United Kingdom through its controlled entity by converting a 12-year-old “grant” into equity in a legally questionable manner and despite strong opposition from the Ministry of Finance. The Economic Coordination Committee of the Cabinet on Thursday approved to sell 51% stakes in the Pakistan Credit Guarantee Company (PCGC) to Karandaaz Pakistan. The UK’s Department for International Development and Bill Gates Melinda Foundation own the Karandaaz – an entity that is set up to give small loans.

Buoys for safety of beachgoers

Social Share Director of the Coastal Zone Management Unit, Dr Leo Brewster, is urging swimmers and sea bathers to avoid swimming between buoys being installed at beaches across the island. He made this appeal as the Ministry of Maritime Affairs and the Blue Economy began the installation of water sports and jet ski corridors at beaches across the island. This is expected to take place over the next two and a half months. At present, corridors are installed at Carlisle Bay Beach, Bay Street, St Michael, and at Lower Carlton Beach in St James. “The intention behind the corridors is to clearly demarcate the area where water craft…as well as jet ski operators are supposed to come to shore and leave shore with their patrons on board. This way is to control and better manage how the motorised water craft use the shoreline space,” he said.

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