$250m to be invested in Karachi port over ten years

The Chief Executive Officer of Abu Dhabi Ports Pakistan, Khurram Aziz Khan, announced a $250 million investment in Karachi Port over the next ten years during a meeting with Prime Minister Shehbaz Sharif on Friday.

Accompanied by a delegation, Khan also detailed a $130 million investment in a fully equipped multipurpose terminal, set to be completed within two years. 

The delegation briefed the prime minister on the enhancements to the container terminal facility at Karachi Port, which will include automated gates, an expanded berth, a crane rail track, and new infrastructure.

With these developments, cargo ships of up to 120,000 tons capacity will be able to dock at the port, significantly boosting economic activity. 

Prime Minister Shehbaz emphasised the importance of using modern technology to enhance cargo and container handling and reduce clearance times.

The premier highlighted that the agreement with Abu Dhabi Ports aims to ensure transparency, increase capacity, and improve port operations.

 
He assured maximum government support to ensure the agreement's success and directed railway authorities to provide the necessary freight bogies and rolling stock to facilitate cargo transportation from the terminal.