The Cabinet Committee on Inter-Governmental Commercial Transactions approved the Price Discovery Mechanism between agencies of the UAE and Pakistan for development of Bulk and General Cargo Terminal at West Wharf, Karachi Port.

The meeting of the Cabinet Committee was chaired by Minister for Finance and Revenue Muhammad Ishaq Dar in Islamabad today.

During meeting it was decided to constitute a committee to frame a commercial agreement to be signed between nominated agencies of two countries.

Federal Minister for Maritime Affairs Syed Faisal Ali Subzwari, Federal Minister for Power Khurram Dastagir, SAPM on Finance Tariq Bajwa, SAPM Revenue Tariq Mehmood Pahsa, Secretary Maritime Affairs, Secretary Law and Justice, Special Secretary Finance, Chairman KPT and other officers attended the meeting.