KARACHI: The Port of Singapore Authority (PSA), Aqeel Kareem Dedhi (AKD) Group and the National Logistic Cell (NCL) have decided to sell their shareholding in the Gwadar Port to China, sources said.
PSA holds 60 percent shares in the Gwadar port while AKD Group and NLC hold 20 percent shares each.
The running of the port affairs was given to Port of Singapore Authority (PSA), one of the biggest port operators in the world 40 years so that it will fetch considerable business for making Gwadar port a success.
However, PSA and the government both failed to fulfil their commitments. Full story
