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 Mr. Khurram Dastgir Khan, Minister of State for Petroleum Mr. Musadik Masood Malik, SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Mehmood Pasha, Secretary Finance, Secretary Maritime Affairs, Secretary Law & Justice, Secretary Commerce and other senior officers attended the meeting.
The CCoIGCT considered summary of Ministry of Maritime Affairs regarding G2G agreement between the Governments of UAE & Pakistan 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. The Committee after detailed discussion allowed negotiations on Framework Agreement and constituted a committee comprised of Secretary Law & Justice, Secretary Maritime Affairs, representatives from Ministry of Foreign Affairs and Finance to negotiate the draft framework agreement with the Government of UAE.