The Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) considered summary of Ministry of Maritime Affairs regarding G2G agreement between the Governments of UAE and Pakistan.
The Committee considered the summary of the Ministry regarding G2G agreement between the two countries on Cooperation for the Development of Bulk and General Cargo Terminal at East Wharf at Karachi Port Trust (KPT) under Inter-Governmental Commercial Transaction Act, 2022.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Committee.
The Committee after detailed discussion, allowed negotiations on Framework Agreement and constituted a committee comprised of the Secretary Law and Justice, Secretary Maritime Affairs, representatives from the Ministries of Foreign Affairs and Finance to negotiate the draft framework agreement with the Government of UAE.
