Minister for Finance Senator Mohammad Ishaq Dar chaired the first meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions in Islamabad today.

The Committee considered and deliberated on a summary of Ministry of Maritime Affairs about the existing Concession Agreement of Karachi Port Trust with Pakistan International Container Terminal for operating the Container Terminal which is going to expire on 17th of this month.

During the meeting, the Committee endorsed the decision of the Ministry of Maritime Affairs that Karachi Port Trust will take over the charge of operating the activities of the Container Terminal after the expiry of the agreement with PICT on 17th of this month.

Source: Radio Pakistan