Abu Dhabi Ports Group to invest $1.8bn in Pakistan port operations

News Image

MG News | June 21, 2023 at 05:16 PM GMT+05:00

0:00

June 21, 2023 (MLN): Abu Dhabi Ports Group, a renowned global port operator will make a significant investment of $1.8 billion in Pakistan's port operations.

Consequently, Abu Dhabi Ports will take over Pakistan International Container Terminal (PICT) and rebrand it as Karachi Gateway Terminal.

The agreement includes a five-year lease for the terminal, with provisions for a potential extension based on mutual agreement.

This partnership between Abu Dhabi Ports and Pakistan signifies a strong commitment to bolstering the country's maritime sector and enhancing its connectivity with global trade networks.

The transformation of PICT into the Karachi Gateway Terminal will position it as a pivotal gateway for international trade, facilitating seamless logistics operations and fostering economic growth in the region.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 151,165.91
135.00M
-0.56%
-845.35
ALLSHR 90,556.97
236.09M
-0.41%
-376.99
KSE30 45,744.12
45.15M
-0.50%
-231.73
KMI30 219,484.41
101.83M
-0.37%
-806.16
KMIALLSHR 59,273.49
156.94M
-0.30%
-175.68
BKTi 41,795.15
13.45M
-0.71%
-298.14
OGTi 31,848.08
6.77M
1.04%
327.05
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 66,805.00 67,330.00
66,480.00
-375.00
-0.56%
BRENT CRUDE 109.24 109.74
99.08
8.08
7.99%
RICHARDS BAY COAL MONTHLY 112.50 0.00
0.00
6.40
6.03%
ROTTERDAM COAL MONTHLY 113.00 114.50
113.00
-0.40
-0.35%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 112.06 113.97
97.50
11.94
11.93%
SUGAR #11 WORLD 14.96 15.50
14.91
-0.33
-2.16%

Chart of the Day


Latest News
April 03, 2026 at 11:26 AM GMT+05:00

Chinese AI expansion accelerates worldwide adoption


April 03, 2026 at 11:12 AM GMT+05:00

Govt eyes expanded IFAD support for agriculture


April 03, 2026 at 10:44 AM GMT+05:00

Banks pump Rs235bn into power sector


April 03, 2026 at 10:38 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg