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ECC approves import of 100,000 metric tons of Sugar

ECC approves import of 100,000 metric tons of Sugar
dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.

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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. ....

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