Sino-Pak MoU on port business
App, Islamabad
Pakistan and China have decided to set up a joint venture company "Pak-China Sost Dry Port Pvt. Ltd." for amicable handling of all affairs pertaining to business and management of Sost Dry Port.The company will be registered in Northern Areas, a Memorandum of Understanding (MoU) in this connection was signed here Friday by Chairman Sinortans China Yuan Jianmin and Vice Chairman Saleem Khan in presence of Federal Minister for Kashmir Affairs and Northern Areas, Maj (R) Tahir Iqbal. The minister said the account management and administration of SDP would be jointly controlled by Pakistani and Chinese side and a balance will be attained in the number of officials from the two sides.
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