International relationsCash-strapped Pakistan in talks to transfer largest port to UAE
Deepening economic crisis has government scrambling for money
The Port of Karachi is Pakistan's largest port, located across the Arabian Sea from the United Arab Emirates. (Karachi Port Trust handout via Reuters)
SATOSHI IWAKI and SHUNTARO FUKUTOMI, Nikkei staff writers
NEW DELHI/ LONDON -- Pakistan is considering handing over terminals at the Port of Karachi to the United Arab Emirates, in what could be the first such transfer under legislation enacted last year to help the embattled government raise emergency funds.