ABU DHABI - Investments In Pakistan.Traditionally, Abu Dhabi Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. has had close business and military links
with Pakistan. There have been diversified Abu Dhabian investments there
for many years. These links were affected somewhat by the 1991 BCCI BCCI Board of Control for Cricket in IndiaBCCI Bank of Credit and Commerce International BCCI Bulgarian Chamber of Commerce and Industry BCCI Bank of Crooks & Criminals International BCCI Barnsley Chamber of Commerce & Industry scandal, with most of the top executives of the bank having been Pakistanis. But relations have since gradually returned to normal. The emirate's first foreign overseas investment downstream was in Pakistan. In 1974 Abu Dhabi and Islamabad created Pak-Arab Refinery Co. (Parco), with IPIC IPIC Intellectual Property Institute of Canada IPIC Indianapolis Private Industry Council IPIC International Petroleum Investment Co (Abu Dhabi) IPIC Inventory Price Index Computation IPIC Information Processing Interagency Conference now having a 30% stake in the venture and the rest held by the Pakistani government. The 100,000 b/d refinery, at Mahmood Kot in Multan (central Pakistan), began operations in October 2000 and ADNOC ADNOC Abu Dhabi National Oil Company supplies a major part of its crude oil throughput. Parco sells the output locally and to other Asian countries Noun 1. Asian country - any one of the nations occupying the Asian continent Asian nation country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries" . Parco has been running a limited products distribution business since the mid-1970s. It also operates an 864-km oil products pipeline from Multan to Karachi. IPIC holds 48% in the Pak-Arab Fertilisers Co. (Pafco), which has a complex at Multan with a capacity of 850,000 t/y of fertilisers. |
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