Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 734 Wed. June 21, 2006  
   
Business


Kuwait to set up $1.2b oil refinery in Pakistan


Kuwait has agreed to set up an oil refinery in Pakistan involving a 1.2 billion dollar investment, officials said Tuesday.

The two countries signed an agreement after the visiting Emir of Kuwait, Sheikh Sabah al-Ahmed al-Jaber al Sabah, met President Pervez Musharraf on Monday.

The refinery will be set up at Port Qasim in the southern city of Karachi, the officials said.