Beginning of income from lease of bulk terminal and 10 berths of Karachi Port

25, 25 million dollars have been given for port concession agreement and port usage (Photo: File)

Karachi: Income started from lease of bulk terminal and ten berths of Karachi Port.

According to port industry sources, the first major revenue was received, AD Ports Group’s subsidiary Karachi Gateway Terminal handed over a check, KGTL handed over a check of $50 million to Karachi Port in the presence of the Minister of Maritime Affairs.

25 million dollars have been given for port concession agreement, 25 million dollars have been received in advance for using the port, 130 million dollars port concession agreement has been signed with AD Ports Group.

A $220 million bulk cargo terminal deal has been signed with AD Ports, under which KGTL will pay 15 percent of the annual profit to Karachi Port.

(function(d, s, id){
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {return;}
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3&appId=770767426360150”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.7”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

Please complete the required fields.
We are seeking your cooperation to ensure transparency, accuracy and accountability to our readership whenever we make an error or need to clarify /correct the post.




By admin

Leave a Reply

Your email address will not be published. Required fields are marked *