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KGTL operates a container terminal on berths 6-10 on the East Wharf of Karachi Port under a 50-year concession. [18] 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 ...
As of early 2022, the government planned to construct a specialized double-track corridor connecting Karachi Port to a new rail-to-logistics terminal at Pipri Marshalling Yard. This initiative aims to address the congestion issue at the port, where approximately 10,000 containers were parked, leading to significant congestion.
Karachi Gateway Terminal Multipurpose (Private) Limited - KGTML, operates under a 25-year concession to operate a bulk and general cargo terminal at berths 11-17 on the East Wharf o Karachi Port. [ 20 ] [ 21 ] KGTML is a joint venture of AD Ports Group as a major shareholder and Kaheel Terminals, UAE.
Containers at the Karachi International Container Terminal at the Port of Karachi. Aerial view of Gwadar harbour, showing the international port in the background and the fishing harbour in the foreground. All seaports in Pakistan are maintained and governed by the Ministry of Maritime Affairs of the Government of Pakistan. The three largest ...
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.
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.
In 2023 and 2024, AD Ports Group strategically expanded its footprint to South Asia with the signing of major concession agreements with Pakistan to operate deep-sea terminals at the Port of Karachi. The concessions cover the operation of a container terminal under a 50-year term and a bulk and general cargo terminal under a 25-year term ...
Mercantile Marine Department, Pakistan (Urdu: سررشتہ بحری تجارت ، پاکستان) is an attached department of Ports and Shipping Wing, Karachi under the Ministry of Ports and Shipping, Government of Pakistan. The department was established in 1930 under the Merchant Shipping Act, 1923, which was repealed and replaced with ...