Gulftainer Reaches Deal With Pak Shaheen

SHARJAH, 4 November 2006 — Gulftainer Co. Ltd. of Sharjah has announced that it has reached an agreement with the Pak Shaheen Group based in Karachi, to establish a joint venture company focusing on inland logistics and transportation in Pakistan. The intention of this joint venture is to invest in new equipment and systems, with the aim of revamping and enhancing inland transportation within Pakistan and to enable customers to enjoy reliable and time sensitive transportation options, which up until now have been deficient.