Asia
ICTSI gets go ahead for Pakistan investment
Manila: International Container Terminal Services Inc (ICTSI) has acquired a substantial stake in a Pakistani port.
It is taking a 35% stake in Karachi-based Pakistan International Container Terminal Ltd (PICT) paying 150 rupees per share.
In its last fiscal year PICT handled around 670,000 teu, up 11% year-on-year. [22/10/12]