Islamabad: The Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) on Monday directed the Ministry of Maritime Affairs to approve recommendations of out-sourcing of operations of Bulk and General Cargo Terminal East Wharf at Karachi Port from the federal cabinet.
According to the Finance division, the Federal Minister for Finance, Revenue, Economic Affairs & Privatization Dr. Shamshad Akhtar chaired the meeting of the Cabinet Committee on Intergovernmental Commercial Transactions (CCoIGCT), today.
The Ministry of Maritime Affairs submitted the summary regarding out-sourcing of operations of Bulk and General Cargo Terminal East Wharf at Karachi Port. Secretary Maritime Affairs briefed the meeting on the process of outsourcing of port terminal and earlier decisions of CCoIGCT in this regard.
The CCoIGCT was apprised about the decisions of the then CCoIGCT taken in the earlier meeting of CCoIGCT held on 09-08-2023 which could not be ratified by the then Cabinet due to its dissolution. CCoIGCT agreed after discussion that recommendations of the then CCoIGCT regarding the above mentioned agenda may be submitted to the current Federal Cabinet for decision / approval.
