CCoIGCT Reviews Progress of Negotiations for Karachi Port Development with AD Ports UAE

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT), today.

Federal Minister for Maritime Affairs Syed Faisal Ali Subzwari, Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Power Khurram Dastgir Khan, Minister of State for Petroleum Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pahsa, Secretary Maritime Affairs, Secretary Law & Justice, and other senior officers attended the meeting.

The CCoIGCT considered and reviewed the progress of the negotiation committee which held its negotiations on 4 and 5th August, 2023, on the commercial agreement between KPT and AD Ports UAE for the development of Bulk and General Cargo Terminal at East Wharf, Karachi Port and directed the negotiation committee to re-engage with AD Ports UAE to improve the terms offered by AD Ports UAE.