Gwadar Port generates revenue of Rs 358.151 million in three years

MG News | March 21, 2019 at 02:45 PM GMT+05:00

0:00

March 21, 2019: Gwadar Port has generated Rs 358.151 million revenue during last three years of which Rs 32.324 million were given to Gwadar Port Authority (GPA) as per its approved share.

As per details revenue share, distribution ratio or percentage between port operator (China Overseas Ports Holding Company Ltd) and Gwadar Port Authority are 91 percent and 9-15 percent respectively.

A data issued by Ministry of Maritime Affairs on Thursday revealed that the share of China Overseas Ports Holding in Gwadar International Terminal and Gwadar Marine Services is 91 percent while Gwadar Port Authority share is 9 percent.

Gwadar Port Authority share in Gwadar Free Zone is 15 percent while rest of the 85 percent shares is held by China Overseas Ports Holding Company.

The data further revealed that the port concession agreements all around the world determine revenue sharing between port authorities and port operations and same principle applies in Gwadar Port Concession Agreement.

(APP)

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,480.00	71,480.00 69,755.00	120.00 0.17%
BRENT CRUDE	108.20	111.22 105.05	-0.45 -0.41%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.80 -10.61%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	95.09	96.45 92.47	-0.46 -0.48%
SUGAR #11 WORLD	15.58	15.62 15.27	0.21 1.37%