Pakistan government likely to hand over Karachi Port terminals to UAE to raise emergency funds: Report
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Cash-strapped Pakistan has constituted a negotiation committee to finalise a deal with the UAE for handing over its Karachi port terminals as it seeks to raise an emergency fund amid uncertainty over the revival of a stalled loan from the IMF, according to a media report on Tuesday. Finance Minister Ishaq Dar on Monday chaired the meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions.
