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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]
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. [18]
Karachi Gateway Terminal (Private) Limited (KGTL) operates a container terminal port at berths 6-10 on the East Wharf of Karachi Port. [7] The 50-years term concession was signed between AD Ports Group - majority shareholder in KGTL - and Karachi Port Trust. KGTL will grow the container handling capacity to 1 million TEUs per annum.
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.
International Transportation Service (ITS) is an American container terminal company that deals with the receipt and shipment of containerized cargo in domestic and foreign trade. [1] It also focuses on marine cargo handling, vessel stevedoring, on-dock rail, and staffing services. [2] ITS was founded and owned by K Line until 2020. [3]
Senate confirmation hearings set to begin this week are likely to reveal a defining trait uniting Donald Trump’s incoming Cabinet, regardless of their diverse political backgrounds and uneven ...
Coco Gauff of the U.S. reacts after defeating Leylah Fernandez of Canada in their third round match at the Australian Open tennis championship in Melbourne, Australia, Friday, Jan. 17, 2025.
A view shows damages in the wreckage of an Azerbaijan Airlines' Embraer passenger plane that crashed near the city of Aktau, Kazakhstan December 25, 2024 in this screengrab from a video obtained ...