Islamabad June 19 2023: Abu Dhabi Ports (ADP) owned by the Government of the United Arab Emirates (UAE) has shown interest in operating the Container Terminal.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT), today.
The CCoIGCT considered summary of Ministry of Maritime Affairs about the management of operations of Pakistan International Container Terminal (PICT) and was informed that Abu Dhabi Ports (ADP) owned by the Government of the United Arab Emirates (UAE) has shown interest in operating the Container Terminal.
The CCoIGT after deliberation decided to constitute a committee to negotiate the draft Framework Agreement between Govt. of the UAE and Govt. of Pakistan, under Inter Governmental Commercial Transaction Act 2022, to further strengthen the relations between the two countries in Maritime sector.
Federal Minister for Maritime Affairs Syed Faisal Ali Subzwari, Federal Minister for Power Mr. Khuram Dastagir Khan, Federal Minister for Commerce Syed Naveed Qamar, SAPM on Revenue Mr. Tariq Pasha, Attorney General of Pakistan, Secretary Finance, Secretary Maritime Affairs, Secretary Law & Justice, and other senior officers attended the meeting.
