PIBTL secures marginal wharves for coal handling amid fire recovery

News Image

MG News | December 06, 2024 at 10:20 AM GMT+05:00

0:00

December 06, 2024 (MLN): Pakistan International Bulk Terminal (PSX: PIBTL) announced today that Port Qasim Authority has approved the handling of PIBT's coal vessels at Marginal Wharves 3&4, Port Qasim until normal operations are fully restored at the company.

PIBTL disclosed on Wednesday that its infrastructure has suffered significant damage due to a serious fire incident at the terminal during the discharge of coal cargo.

In a notice to its customers, the company stated that the fire occurred due to circumstances beyond PIBTL’s reasonable control, causing significant damage to a portion of the terminal and partially affecting its ability to fulfill its obligations.

However, yesterday, PIBTL assured all concerned stakeholders that operations at the PIBT have continued unabated despite a fire incident on November 19, 2024, which caused considerable damage to some terminal infrastructure. the company's filing on PSX was revealed today. 

Swift action by PIBT ensured that alternate arrangements were made to maintain cargo discharge operations, minimizing customer disruption.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 166,242.90
704.43M
1.49%
2436.69
ALLSHR 101,132.82
1,476.65M
1.29%
1287.02
KSE30 50,886.61
318.61M
1.52%
762.76
KMI30 241,116.65
128.48M
1.08%
2586.15
KMIALLSHR 66,519.44
717.61M
0.94%
621.34
BKTi 47,711.07
207.32M
2.87%
1330.11
OGTi 32,418.62
12.56M
1.76%
561.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,870.00 111,160.00
110,700.00
-205.00
-0.18%
BRENT CRUDE 60.94 61.55
60.07
-0.35
-0.57%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.50
-1.83%
ROTTERDAM COAL MONTHLY 92.75 92.75
92.75
-0.25
-0.27%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 56.92 56.99
56.89
-0.10
-0.18%
SUGAR #11 WORLD 15.77 15.78
15.51
0.27
1.74%

Chart of the Day


Latest News
October 20, 2025 at 07:15 PM GMT+05:00

Bank deposit rate falls to 5.28% in September


October 20, 2025 at 05:14 PM GMT+05:00

Pakistan imports from China clocks in near $1.7bn


October 20, 2025 at 05:03 PM GMT+05:00

Pakistani fashion shows shine in China



Top 5 things to watch in this week

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