QUETTA, Pakistan – Port of Singapore Authority International (PSAI) has been selected as the operator of Gwadar port in the southwestern Pakistani province of Balochistan. The selection was made at a board meeting of the Gwadar Port Implementation Authority (GPIA) on Friday. Unanimous consent was given for the selection of PSAI and a committee was set up to hold negotiations with the port operators after getting the government’s

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QUETTA, Pakistan – The official listing of Oil and Gas Development Co Ltd (OGDCL), Pakistan’s flagship company in the energy sector, took place at the London Stock Exchange on Wednesday. The listing and trading of OGDCL’s global depository shares (GDS) represents a significant milestone in Islamabad’s privatization program. This is the largest equity offering of a Pakistani company abroad in more than a decade.

Islamabad announced last week that it had completed the

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QUETTA, Pakistan – Under the free-trade agreement (FTA) signed last Friday between Pakistan and China, the two countries will implement the first phase of customs duty reduction from next July 1.

A five-year tariff deal is expected to provide a level playing field for Chinese firms investing in various sectors in Pakistan, and the two countries have agreed to increase bilateral trade to US$8

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