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KPT signs agreement with Karachi Shipyard to enhance port operations

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KPT signs agreement with Karachi Shipyard to enhance port operations

KARACHI: Karachi Shipyard & Engineering Works (KS&EW) has signed an agreement with the Karachi Port Trust (KPT) to construct and deliver two mooring boats, according to reports on Friday. A statement said that KPT Chairman Rear Admiral Habib-ur-Rehman and KS&EW Managing Director Rear Admiral Salman Ilyas attended the signing ceremony. The mooring boats will facilitate … Read more

PM Shehbaz Sharif arrives Karachi

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PM calls for sustainable growth, claims economy back on its feet

KARACHI: Prime Minister  Muhammad Shehbaz Sharif arrived here in Karachi on a day long visit on Wednesday.

Sindh Governor Kamran Tessori, Chief Minister Syed Murad Ali Shah and top government officials welcomed the prime minister upon his arrival here at Faisal Air base.

Deputy Prime Minister Muhammad Ishaq Dar, Finance Minister Muhammad Aurangzeb, Federal Minister for Information and Broadcasting Attaullah Tarar and Minister of State Ali Pervez Malik are also accompanying the prime minister.

The Prime Minister Shehbaz Sharif will inaugurate the Federal Board of Revenue’s Faceless Customs Assessment System installed at the Karachi Port Trust.

The facility aims to improve transparency in customs clearance and reduce clearance time.

The prime minister, who will also visit the South Asia Pakistan Terminal at the Port, had instructed the installation of this automation system during his last visit to Karachi.

He will also visit the Pakistan Stock Exchange and attend the ceremony to award it the title of the second-best-performing stock exchange in the world in 2024.

Prime Minister Shehbaz will also attend as a special guest the launching ceremony of the Agha Khan University’s Manual of Clinical Practice Guidelines.

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KPT to allow accommodation of cargo

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KPT

KARACHI: The Karachi Port Trust (KPT) to allow de-stuffing and accommodation of cargo of the port users whose consignments have arrived at any of the private container terminals of the port and could not be transported upcountry, a statement said. As the transportation system is severely affected and goods could not be moved to upcountry … Read more

Delayed berthing of oil vessels cause Rs7 billion loss in demurrage fees

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KARACHI: The delayed berthing of oil products vessels caused a loss of Rs7 billion ($45 million) in demurrage fees during March 2020 to July 2021, the Oil Marketing Association of Pakistan (OMAP) noted. “Data involving vessels, which berthed at the various ports in the country between March 1, 2020 to July 26, 2021 showed that … Read more

Port Qasim Authority has reduced port charges by 50%

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Port Qasim

According to details, Port Qasim Authority has reduced port charges by 50% to increase exports. Sources said that a 50% reduction in VAT and dry port charges would lead to a reduction in port revenue of Rs.24 crore.

It may be recalled that Port Qasim had released a profit of Rs 18 billion after-tax was charged last year.

In this regard, a meeting of the Cabinet Committee on Transport and Logistics was held in Islamabad under the chairmanship of Federal Minister for Maritime Affairs Ali Zaidi.

The meeting also sought suggestions from Karachi Port Trust (KPT) for the reduction in port charges.

[embedpost slug=”pakistan-to-start-exporting-mobile-phones-from-next-year-adviser”]

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KPT conducting major study for eco-friendly port development

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KARACHI: After over two decades, the Karachi Port Trust (KPT) is conducting a major study to affect various port development plans, and at the same time, improving the marine ecology within its jurisdiction. Karachi Harbour encloses an area of some 62 square kilometres stretching from the Sandspit in the west to Chinna Creek in the … Read more

KPT’s performance remains outstanding during 2020-21

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KPT’s performance remains outstanding during 2020-21

KARACHI: The financial year 2020/21 remained phenomenal for the Karachi Port Trust despite the global lockdown situation, especially for shipping operations and cargo handling, a statement said on Friday. The volume of cargo handling, including imports and exports peaked at 52.28 million tonnes, registering a growth of 25 per cent over the previous year’s 41.84 … Read more

Federal Cabinet approves decisions of ECC: Shibli Faraz

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Shibli Faraz

Information Minister Shibli Faraz has said that Federal Cabinet approved the decisions of Economic Co-ordination Committee (ECC). According to details, after the federal cabinet meeting, Information Minister Shibli Faraz while giving a news briefing said that a seven-point agenda was discussed in the cabinet meeting. The Information Minister said that the decisions of the Cabinet … Read more

Coronavirus: Karachi port to remain operational with minimum staff

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Karachi port

KPT REVIEWS ACTION PLAN FOR HANDLING CARGO OPERATIONS DURING CORONAVIRUS EMERGENCY In order to deal with the Corona Virus epidemic, a meeting of all GMs and Managers was called by Chairman KPT Rear Admiral (R) Jamil Akhtar HI (M) T.Bt at KPT Head Office today. The course of action implemented presently and further measures to … Read more

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