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Karachi Gateway Terminal Multipurpose (Private) Limited
Pakistani cargo terminal company From Wikipedia, the free encyclopedia
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Karachi Gateway Terminal Multipurpose (Private) Limited (KGTML) operates a bulk and general cargo terminal on the East Wharf of Pakistan's Karachi Port.[1][2][3] Karachi Port is Pakistan's most important port of international trade. Over 90% of imports and exports of Pakistan take place through Karachi Port.
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Background
Pakistan and United Arab Emirates signed an inter-governmental contract for economic cooperation in 2023. Under this contract the Karachi Port Trust has granted two concessions to a UAE public sector entity AD Ports Group to invest in, develop, and operate port terminals at the Karachi Port.[4][5][6][7] AD Ports Group has established two separate joint venture companies with Kaheel Terminals of UAE to operate the two concessions namely Karachi Gateway Terminal (KGTL) and Karachi Gateway Terminal Multipurpose (KGTML). [8][9]
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Karachi Gateway Terminal Multipurpose (Private) Limited
KGTML operates a bulk and general cargo terminal on berths 11–17 on the East Wharf of Karachi Port under a 25-year concession.[2][10][11][8] The general cargo operations handles steel, paper, and clinker, while the clean bulk terminal handles grains and fertilizers.[2] KGTML operates along 1,500 meters of quay wall for general cargo and bulk operations.[1][8][12]
KGTML aims to enhance efficiency and capacity of the multipurpose terminal by 75%, enabling the terminal to handle up to 14 million tons per annum compared to its current 8 million tons per annum.[2][9][13][14] KGTML is investing $75 million in the project within the first two years and a further investment of $100 million in five years timeframe.[2][9][14][15][16][17]
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Karachi Gateway Terminal (Private) Limited
KGTL operates a container terminal on berths 6-10 on the East Wharf of Karachi Port under a 50-year concession.[18] KGTL paid $50 million to Karachi Port Trust on April 22 2024 as upfront payment.[19][20][21] Of this upfront payment $25 million are for concession fee and the remaining $25 million are advance payment for use of the port for KGTL's container terminal operations.[20]
Mr. Khurram Aziz Khan is the current CEO of both KGTL and KGTML.[22]
Milestones for Karachi Port
Karachi Port is the most important deep sea water port of Pakistan.
KGTML set a new record with the offloading of 20,300 metric tons of rock phosphate within 24 hours on June 14 2024 at the Karachi Port.[23]
References
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