Pakistan Enters Largest Deal To Export Machinery
Posted on Aug 23, 2009 under National News, News | 1 Comment
KARACHI: A plant is being exported under an agreement worth $50 million — the first largest in the history of Pakistan, Geo News reported Saturday.
Talking to Geo News, partner of Saudi al Kubra group, Majeed Pardesi said his Saudi partners were inclined on importing machinery from India; however, they preferred the import from Pakistan.
Pardesi said an upfront payment of $50 million has been made to Heavy Mechanical Complex in view of the prevalent situation in the country, adding the 80 percent work for the machinery export has been completed.
The other parts of the plant will soon be sent to Ethiopia, he added.
April 4th, 2010 at 12:01 pm
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