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In 1985, TCS secured a contract with the Pakistan Banking Council to provide overnight delivery services connecting 4,000 bank branches nationwide. [1] In 1991, to address succession planning, the Awan brothers divided the business, with Sadiq taking control of the international operations and Khalid managing the domestic services. [ 1 ]
Karachi Gateway Terminal Multipurpose (Private) Limited (KGTML) operates a bulk and general cargo terminal on the East Wharf of Pakistan's Karachi Port. [1] [2] [3] Karachi Port is Pakistan's most important port of international trade. Over 90% of imports and exports of Pakistan take place through Karachi Port.
The Pakistan Merchant Navy was formed after independence in 1947 when Pakistan inherited a fleet of four privately owned cargo ships. The Ministry of Maritime Affairs , Mercantile Marine Department and Government Shipping Office established by the Government of Pakistan were authorised to flag the ships and also ensured that the vessels were ...
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
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.
Aero Asia International (commonly known as AeroAsia) was a Pakistani airline based in Karachi, Pakistan from 1993 until its collapse on 19 May 2007. [1]Founded in 1993 by Tabani Group of Investors a Memon business house, [2] Aero Asia started its operations as a scheduled passenger and cargo air service to its domestic and international destinations in Gulf states. [3]