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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]
In 2003, PICT was listed on the Karachi Stock Exchange, following an initial public offering. [4] [5] In April 2004, the first phase of the project became operational at a cost of $30 million. [3] [6] In April 2012, International Container Terminal Services acquire 35 percent of the PICT. [7] As of 2012, it has a maximum handling capacity of ...
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 was an important military base during the First World War (1914–18) because it was the first British Raj port of call for ships coming through the Suez Canal and was the gateway to Afghanistan and the Russian Empire. Karachi was again a military base and port for supplies to the Russian front during the Second World War (1939–1945 ...
Logistics automation is the application of computer software or automated machinery to logistics operations in order to improve its efficiency. Typically this refers to operations within a warehouse or distribution center , with broader tasks undertaken by supply chain engineering systems and enterprise resource planning systems.
Karachi: 1990 Luxury fashion P A Amreli Steels: Basic materials Iron & steel Karachi: 1972 Steel P A Arif Habib Corporation: Conglomerates - Karachi: 1970 [13] Cement, energy, fertilizer, financials, power generation, real estate, steel P A ARY Digital Network: Consumer services Media Karachi: 2000 Media, television, subsidiary of ARY Group ...
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.
The Pakistan National Shipping Corporation (PNSC) is a Pakistani national flag carrier headquartered in Karachi. [3] The corporation is principally engaged in the business of shipping, including charter of vessels, transportation of cargo and providing commercial, technical, administrative, financial and other services to its subsidiaries and ...
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