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Minister for Finance Mohammad Ishaq Dar chaired a meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions in Islamabad on Thursday.
The meeting considered summary of Ministry of Maritime Affairs regarding recommendations of the negotiation committee on the commercial agreement to be signed between Karachi Port Trust and AD Ports UAE.
It was informed that negotiation committee negotiated the commercial agreement for acquiring operation, maintenance and development rights of the Container Terminal by the AD Ports UAE.
The Committee after detailed discussion and comparative evaluating the Terms of Reference, recommended the commercial agreement for approval of the Federal Cabinet.
Source: Radio Pakistan