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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]
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.
Another key connection of an established infrastructure in this part of the country, it offers China a potential alternative to the vulnerable choke points in the Malacca straits. [ 1 ] Prior to the construction of the Makran Coastal Highway in 2004, Karachi was linked to Gwadar via an uncarpeted "jeep" or "dirt" track.
Karachi Harbour is a narrow bay and river estuary located west of the Indus River Delta in Karachi, Pakistan. The harbour lies between the Lyari River delta and Chinna Creek to the north, and the Arabian Sea to the south. Since 1886, [1] sections of the harbour have been improved to form the Port of Karachi - Pakistan's busiest seaport. [2]
PEACE Cable, which stands for Pakistan and East Africa Connecting Europe, is a submarine cable project designed to facilitate data transmission between Asia, Europe, and Africa. It is owned by Peace Cable International, a subsidiary of Hengtong Group .
Cnergyico Pk Limited, formerly Byco Petroleum Pakistan Limited and Bosicor Pakistan Limited, is a Pakistani petroleum refinery based in Karachi. [4] It is a subsidiary of the Mauritian company Cnergyico Industries Incorporated.
The Pakistan Stream Gas Pipeline (PSGP) formerly known the North-South gas pipeline or PakSteam, is a Russian proposed pipeline stretching from the port city of Karachi to the city of Kasur in Punjab, Pakistan. It is a 1,100 km long project which is contracted by the Pakistani government to be built by Russia.