A few days after assuring employers and trade unions that the new private sector pensions scheme would be further discussed before implementation, the government on Friday broke its promise and presented the connected legislation in parliament on a day when only mundane matters were being discussed.
A major United Arab Emirates (UAE) conglomerate with interests in Pakistani banking plans to acquire Sri Lanka’s failed Finance and Guarantee Company Ltd (F&G), infusing new capital to overcome liquidity constraints and resurrect the business of the former Ceylinco Group company, Finance Ministry sources said.
