Pakistan has approved a framework agreement that would hand over four berths of the Karachi port to the UAE. The five-year framework was approved during a meeting by the Cabinet Committee on Intergovernmental Commercial Transactions on Tuesday, with the agreement now being passed onto the federal cabinet for approval. The administration of six to nine births would be handed over from the Pakistan International Containers Terminals to Abu Dhabi Ports. A formal agreement between the two companies is required to ensure that Abu Dhabi Ports can operate the port terminals. The commercial agreement is not contingent on the framework agreement, which can either be extended
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