Re: Pakistan Seaports
When people and companies own airports and sea ports that doesn’t mean that they virtually own those places rather the operations fo these facilities are sub let or are given on contract.
Let me just give you an example, there are 2000 people working on the port of Karachi and their job is to make sure that all the containers are streamlined and stacked and ready so that they can be shifted out of the port. The port's Security, Inspection of containers and all the custom documentation is still handled by Pakistan Navy, Pakistan Customs and Pakistan Police. Now these 2000 who work at the operation at this port are employees of XX company, and XX company is owned by an ABC who lives in an ARAB COUNTRY, now can you tell me what’s wrong with this deal, I would say the only thing wrong here is your perceived understanding of that Arab country, and that’s the crux of the matter.