Saturday, April 19, 2014





Pakistan agrees to transfer key port to China


February 20. 2013 4:31AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Pakistan has agreed let China take operational control of a strategic deep water port on the country's southwestern coast.


The port is vital to Beijing's economic and perhaps military interests.


A spokesman for Pakistan's Ministry of Ports and Shipping, Mohammed Raza, says the Cabinet agreed Wednesday to the deal involving Gwadar port in Baluchistan province.


Under the deal, a company owned by the Chinese government, China Overseas Port Holdings Limited, would purchase control of the port from Singapore's PSA International Pte Ltd.


Raza said Friday that the transaction has not yet taken place.


Asked about the port Thursday, Chinese Foreign Ministry spokesman Hong Lei said Beijing will support projects that are conducive to good relations with Pakistan.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds