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Pak, China ink deal to handover Gwadar port to Chinese firm

Islamabad Pakistan and China today signed an agreement to hand over control of the strategic Gwadar deep sea port to a Chinese company, with President Asif Ali Zardari saying the move would give new impetus to bilateral relations and economic cooperation.

Under the agreement for transfer of concession rights, the port will remain the property of Pakistan while the Chinese company will share profits from its operation.

 


 
 
           
 
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