Port Qasim Authority allows PIBTL to install LPG handling facilities

By MG News | January 12, 2018 at 11:49 AM GMT+05:00

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In a notice informing the exchange, Pakistan International bulk Terminal (PIBTL) has informed that “The Port Qasim Authority (PQA)” has allowed the company to setup Liquefied Petroleum Gas handling facilities at its existing facilities. A supplementary Implementation Agreement will be executed with the PQA.

On the 9^th of November last month, the company announced that PQA issued a certificate of successful completion to PIBTL for completion of Coal Handling Plant System, certifying the project to be complete in all respects.

PIBTL handled more than 308,000 tons of Cargo during the first quarter of FY 2018 whereas the company reported a Net Loss after Tax of Rs. 1.158 billion with an Earnings per Share of -0.78/share.

The company notice can be accessed here.

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