ISLAMABAD: Pakistan and the UAE on Friday signed four MoUs in the sectors of customs, rail and airport infrastructure, maritime shipping and logistics, Prime Minister Shehbaz Sharif’s office in Islamabad said in a statement.
The MoUs were signed between the Pakistani ministries of maritime affairs, aviation and railways and the Federal Board of Revenue with the Abu Dhabi (AD) Ports Group.
“As per these MoUs, Pakistan and AD Ports Group would explore potential collaboration in customs, rail, airport infrastructure and maritime shipping and logistics sectors,” the PM’s office said after Sharif met a delegation of UAE investors led by Dr. Thani bin Ahmed Al Zeyoudi, UAE minister of state for foreign trade.
“These MoUs are aimed at improving digital customs controls, developing dedicated freight rail corridors, upgrading Pakistan’s maritime fleet and marine services, as well as Pakistan’s international airports.”
Sharif said the delegation’s visit demonstrated that the UAE government wanted to enhance its “investment footprint” in Pakistan and continue to play a “crucial role” in boosting Pakistan’s economy.
“The Prime Minister highlighted the comprehensive economic partnership between the two nations across sectors such as trade, energy, and investment, which has contributed to growth and prosperity in both countries.”
The UAE delegation’s visit to Pakistan comes as Islamabad is seeking to strengthen trade and investment ties with friendly nations.
In May this, Pakistan said the UAE had committed $10 billion to invest in promising economic sectors in Pakistan.
Riyadh has also promised a $5 billion investment package that cash-strapped Pakistan desperately needs to shore up its dwindling foreign reserves and fight a chronic balance of payment crisis. Pakistan and Saudi Arabia also signed 34 MoUs worth $2.8 billion last month.
Pakistan, UAE sign agreements in customs, rail, airport infrastructure, maritime sectors
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Pakistan, UAE sign agreements in customs, rail, airport infrastructure, maritime sectors
- UAE minister of state for foreign trade calls on Pakistani PM Sharif
- In May, Pakistan said UAE had committed $10 billion in investments
Pakistan shortlists 10 bidders to compete for two new PSL franchises
- Pakistan Cricket Board says will hold auction for two new PSL franchises on Jan. 8 in Islamabad
- PSL is Pakistan’s premier T20 cricket tournament featuring a mix of local and international players
ISLAMABAD: The Pakistan Cricket Board (PCB) announced this week it has cleared 10 interested parties to bid for its two new Pakistan Super League (PSL) franchises next month.
Pakistan will hold the 11th edition of the PSL next year from Mar. 26 to May 11, with two new franchises set to debut. The PCB held roadshows in New York and London this month to attract investors to buy the new franchises and invited interested parties to bid for the teams.
The PCB said earlier this week that 12 interested parties had bid for the two teams.
“Following a thorough and transparent evaluation process, the PCB Bid Committee has qualified 10 Bidders who have successfully met the technical criteria and now enter the second stage,” the board said in a statement on Saturday.
The PCB said these 10 bidders will now participate in the auction scheduled to be held on Thursday, Jan. 8 at the Jinnah Convention Center in Pakistan’s capital city, Islamabad.
It said there the franchise rights for the two new HBL PSL teams will be up for grabs.
“At the auction, the successful bidders will have the right to choose their franchise team names from among the following: Rawalpindi, Hyderabad, Faisalabad, Gilgit, Muzaffarabad and Sialkot,” it said.
PSL CEO Salman Naseer congratulated the qualified bidders for clearing the process.
“The league looks forward to achieving another significant milestone in the expansion and evolution of the HBL PSL as we now prepare for the eagerly awaited auction,” he said.
The PSL is Pakistan’s premier T20 cricket league that features a mix of local and international players and coaches. It features six teams, each named after a Pakistani city.
With a little over 10 years since it was launched, the PSL has attracted praise from cricket experts and analysts worldwide and competed for viewership with prominent cricket leagues around the world such as the Big Bash League, Caribbean Premier League, Indian Premier League and others.
