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Monday, October 19, 2020

Govt deals: China, Pak cos must show ownership plan

From names of directors and their nationalities to a graph depicting the ownership structure, the Centre wants Chinese and Pakistan-based companies to bare it all to be eligible to bid for govt and PSU contracts. Besides, details of all entities with over 10% shareholding has to be disclosed. Three months ago the govt imposed security checks on firms from border countries.

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