Terminal operations continue unabated at PIBT despite fire incident

News Image

MG News | December 05, 2024 at 09:49 AM GMT+05:00

0:00

December 05, 2024 (MLN): Operations at the Pakistan International Bulk Terminal (PSX: 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.

The fire, which occurred during the discharge of a coal cargo, temporarily affected the terminal's efficiency and may unfortunately cause a delay in discharging the cargo.

"PIBT is endeavouring its best to manage the smooth discharge of the cargo and is hopeful that the operations of PIBT's Terminal will return to its customary form and speed within December 2024," the notice reads. 

Yesterday, in a notification to its customers, the company disclosed that inquiries are being conducted by the appointed surveyors to ascertain the actual cause of the fire.

The company emphasized that this unfortunate incident occurred without any fault on PIBT’s part, despite its best efforts to ensure safety at the terminal.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 184,129.58
798.69M
-1.97%
-3702.50
ALLSHR 110,763.73
1,266.28M
-1.85%
-2087.96
KSE30 56,278.51
173.32M
-2.19%
-1261.46
KMI30 259,907.89
102.57M
-2.03%
-5380.16
KMIALLSHR 71,198.64
822.49M
-1.72%
-1247.03
BKTi 53,693.69
102.25M
-2.59%
-1425.61
OGTi 37,589.24
28.20M
-2.72%
-1052.27
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 70,580.00 71,690.00
60,005.00
6785.00
10.64%
BRENT CRUDE 68.10 68.83
66.56
0.55
0.81%
RICHARDS BAY COAL MONTHLY 96.00 96.00
96.00
1.50
1.59%
ROTTERDAM COAL MONTHLY 102.75 103.25
101.30
2.25
2.24%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 63.50 64.58
62.20
0.21
0.33%
SUGAR #11 WORLD 14.14 14.30
14.07
-0.13
-0.91%

Chart of the Day


Latest News
February 07, 2026 at 12:15 AM GMT+05:00

Weekly Market Roundup


February 06, 2026 at 09:31 PM GMT+05:00

Intermarket Securities appoints Khurram Bashir as Deputy CEO


February 06, 2026 at 07:30 PM GMT+05:00

SBP reserves rise to $16.16bn


February 06, 2026 at 07:17 PM GMT+05:00

SBP raises around Rs551bn in PIB Auction


February 06, 2026 at 07:04 PM GMT+05:00

Tributes paid to late SBP governor Dr. Shamshad Akhtar



Top 5 things to watch in this week

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