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A UAE corporation will pay $50 million in advance to Karachi Port.

KARACHI: Federal Minister for Maritime Affairs Faisal Sabzwari announced on Friday that the UAE’s Abu Dhabi Ports (AD Ports) will pay $50 million upfront to the Karachi Port and will invest $102 million in expansion over the next three to five years, as part of a deal reached between AD Ports and the Karachi Port Trust (KPT).

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Bilawal prioritises economic prosperity.

Foreign Minister Bilawal Bhutto Zardari emphasised on Friday the need of the country staying out of the politics of world powers and instead focusing on resolving its own economic challenges in order to achieve its international ambitions.

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