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Pakistan, Dubai ink over $3bn pact in diverse fields

Pakistan and Dubai have inked more than $3 billion investment pact in diverse fields including cooperation in railways, economic zones and infrastructure development.

The agreement was signed at the World Economic Forum in Davos by Minister of Communication, Railways and Maritime Affairs Shahid Ashraf Tarar and Chairman of Ports, Customs and Free Zone Corporation (PCFC) Sultan Ahmed bin Sulayem.

According to the Ministry of Railways, the cooperation covers the development of a dedicated freight corridor, multi-modal logistics park, and freight terminals.