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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) started container terminal operations in July 2023. KGTL operates across a quay length of 800 meters at berths 6-10 on the East Wharf of Karachi Port. [10] Karachi Gateway Terminal Multipurpose (Private) Limited (KGTML) started bulk and general cargo terminal operations in February 2024. It ...
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.
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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. [1] [3] The funds were used to acquire container handling equipment and quay cranes. [1] In 2003, PICT was listed on the Karachi Stock Exchange, following an initial public offering. [4] [5]
BUSAN, South Korea − Countries negotiating a global treaty to curb plastic pollution failed to reach an agreement late Sunday, with more than 100 nations seeking to cap production while a ...
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