Abu Dhabi Ports Group to invest $1.8bn in Pakistan port operations
MG News | June 21, 2023 at 05:16 PM GMT+05:00
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 | 150,956.39 38.03M | -0.69% -1054.87 |
| ALLSHR | 90,360.33 73.96M | -0.63% -573.63 |
| KSE30 | 45,698.04 16.37M | -0.60% -277.81 |
| KMI30 | 219,404.83 27.16M | -0.40% -885.73 |
| KMIALLSHR | 59,203.00 46.91M | -0.41% -246.17 |
| BKTi | 41,611.67 4.35M | -1.14% -481.62 |
| OGTi | 31,887.28 2.91M | 1.16% 366.25 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 66,780.00 | 67,330.00 66,480.00 | -400.00 -0.60% |
| 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
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Trade Balance