PSA exits Pakistan

Singapore: PSA International looks to have said enough is enough with its tortuous investment in Pakistan and is now divesting itself from Gwadar. The port complex in Balochistan will now be run by an unnamed Chinese company, according to local media. 
“The denial of land at Gwadar Port forced PSA to leave the port, which will be taken over by a Chinese company,” said Federal Minister for Ports and Shipping Babar Khan Ghauri.  [30/08/12]

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