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Pakistan International Container Terminal (PICT) was established in 2002 on build–operate–transfer basis. [2] It was a joint venture between Premier Mercantile Services and Hamburg Port. [1] The total cost of the project was estimated at $75 million out of which $9.25 million was funded by the International Finance Corporation in form of loans.
Infrastructure is a backbone of the economy and a well developed infrastructure is not only important to attract foreign investment, it also needed to maintain high growth rate but weak infrastructure has been one of the major factors restricting Pakistan’s economic growth and damaging its investment prospects. [2]
Daewoo Pakistan, Thar Coal Block 1, Liberty Power Limited, Bol Network AsiaPak Investments is a Pakistan-based investment company with a presence in key cities like Karachi, Lahore, and Islamabad. It was founded by the serving CEO of the company Shaheryar Chishty in February 2012. [ 1 ]
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
Transworld Associates is a Tier-1 provider based in Pakistan serving as a backbone for IP connectivity in Pakistan. It is a joint-venture between Orastar Limited and the Oman based OMZEST Group. [1] Transworld owns and operates the 1,300 km submarine communications cable named TW1 that links Pakistan to the United Arab Emirates and Oman.
“The Panama Canal opened for business 110 years ago, and was built at HUGE cost to the United States in lives and treasure,” Trump claimed.
The Bin Qasim Industrial Zone is one of the largest industrial areas in Karachi, Sindh, Pakistan. It consists of more than 25,000 acres of land in the Port Qasim (Bin Qasim) town area. Contained within this zone are many industrial units, ranging from medium to large in employment volume.
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