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KGTL paid $50 million to Karachi Port Trust on April 22 2024 as upfront payment. [19] [20] [21] Of this upfront payment $25 million are for concession fee and the remaining $25 million are advance payment for use of the port for KGTL's container terminal operations. [20] Mr. Khurram Aziz Khan is the current CEO of both KGTL and KGTML. [22]
The Karachi Port Trust (KPT) (Urdu: ادارہِ تولیتِ بندرگاہ کراچی) is a Pakistani federal government agency, under the administrative control of the Federal Maritime Secretary that oversees the operations of the Port of Karachi, one of South Asia's largest and busiest deep-water seaports which handles over 90% of the nation's foreign trade.
Karachi Gateway Terminal (Private) Limited - KGTL, operates under a 50-year concession to operate a container terminal at berths 6-10 on the East Wharf of Karachi Port. KGTL is a joint venture firm of AD Ports Group as a major investor and Kaheel Terminals.
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