Pakistan cabinet approves Gwadar port transfer to China

January 31, 2013 17:46

The Pakistan cabinet has approved the multi-billion dollar Iran-Pakistan gas pipeline, as well as a deal transferring the management of the Gwadar port from Singapore to China was also given the go-ahead.

Information Minister Qamar Zaman Kaira said the cabinet gave approval to transfer Gwadar port operations from Port of Singapore to Chinese Overseas Port Holdings Limited, adding that the decision was taken to meet the country''s soaring energy requirements, reports the Express Tribune.

He, however, did not give a timetable for the transfer.

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