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 166,553.28
727.76M
-0.47%
-793.56
ALLSHR 101,296.66
1,567.06M
-0.28%
-289.04
KSE30 50,903.27
227.71M
-0.57%
-289.80
KMI30 241,347.86
135.29M
-0.16%
-394.95
KMIALLSHR 66,524.37
778.95M
-0.27%
-179.92
BKTi 47,779.01
130.29M
-0.85%
-408.88
OGTi 32,913.20
28.90M
0.79%
259.34
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,085.00 111,065.00
106,950.00
-4020.00
-3.59%
BRENT CRUDE 62.46 62.62
61.38
1.14
1.86%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 92.75 0.00
0.00
0.70
0.76%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 58.37 58.50
57.34
1.13
1.97%
SUGAR #11 WORLD 15.30 15.44
15.21
0.06
0.39%

Chart of the Day


Latest News
October 22, 2025 at 04:35 PM GMT+05:00

PIBTL swings to Rs616.5m profit in 9M2025


October 22, 2025 at 04:23 PM GMT+05:00

Fauji Foods' 9MFY25 profit surges 69%


October 22, 2025 at 04:09 PM GMT+05:00

Oil prices climb on hopes of U.S.-India trade breakthrough


October 22, 2025 at 04:02 PM GMT+05:00

PSX Closing Bell: Bears Edge



Top 5 things to watch in this week

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