PM to inaugurate newest cargo terminal at Port Qasim
A dedicated grain and fertiliser terminal has been completed with an investment of Rs10 billion in Karachi.
KARACHI:
Despite ongoing security issues and economic challenges, vital economic projects keep emerging to drift Pakistan’s economy in the right direction. A dedicated grain and fertiliser terminal has been completed with an investment of Rs10 billion ($135 million) within a period of 24 months by reclaiming 22 acres of the sea at Port Qasim in Karachi.
Fauji Akbar Portia Marine Terminals Limited (FAP) announced that Prime Minister Syed Yousaf Raza Gilani will inaugurate the country’s first modern, fully automated, dry bulk cargo handling and storage terminal at Port Qasim on October 26.
This will be the sixth terminal at Port Qasim which will spur economic activity, increase the strength of the Port Qasim Authority (PQA) and create more jobs, according to PQA Chairman Vice Admiral Muhammad Shafi.
Shafi also displayed a strong commitment to an LNG terminal at the port saying that owing to the gas shortage in the country the terminal is the need of hour.
He added that the government earns hefty amounts on Nato logistic supplies and that it is a good source of earning for the PQA.
Ahmed Rana, the CEO of FAP, said that the terminal has been completed with the construction of a 300-metre jetty, the installation of automated unloading and conveying systems and the erection of silos and bagging stations.
FAP’s terminal is capable of handling 4.1 million tons of dry bulk cargo per annum.
The terminal has been built on a nine-hectare facility and will cater to vessels with up to 80,000 deadweight tonnage. The terminal’s automated machines will guarantee product quality, reduce cargo discharge time by a huge margin, provide automated bagging facilities, secure and transparent storage and almost eliminate wastage.
FAP is a joint venture between Fauji Foundation, the Akbar Group and the National Bank of Pakistan with Portia Management Services responsible for operations and management.
Published in The Express Tribune, October 24th, 2010.
Despite ongoing security issues and economic challenges, vital economic projects keep emerging to drift Pakistan’s economy in the right direction. A dedicated grain and fertiliser terminal has been completed with an investment of Rs10 billion ($135 million) within a period of 24 months by reclaiming 22 acres of the sea at Port Qasim in Karachi.
Fauji Akbar Portia Marine Terminals Limited (FAP) announced that Prime Minister Syed Yousaf Raza Gilani will inaugurate the country’s first modern, fully automated, dry bulk cargo handling and storage terminal at Port Qasim on October 26.
This will be the sixth terminal at Port Qasim which will spur economic activity, increase the strength of the Port Qasim Authority (PQA) and create more jobs, according to PQA Chairman Vice Admiral Muhammad Shafi.
Shafi also displayed a strong commitment to an LNG terminal at the port saying that owing to the gas shortage in the country the terminal is the need of hour.
He added that the government earns hefty amounts on Nato logistic supplies and that it is a good source of earning for the PQA.
Ahmed Rana, the CEO of FAP, said that the terminal has been completed with the construction of a 300-metre jetty, the installation of automated unloading and conveying systems and the erection of silos and bagging stations.
FAP’s terminal is capable of handling 4.1 million tons of dry bulk cargo per annum.
The terminal has been built on a nine-hectare facility and will cater to vessels with up to 80,000 deadweight tonnage. The terminal’s automated machines will guarantee product quality, reduce cargo discharge time by a huge margin, provide automated bagging facilities, secure and transparent storage and almost eliminate wastage.
FAP is a joint venture between Fauji Foundation, the Akbar Group and the National Bank of Pakistan with Portia Management Services responsible for operations and management.
Published in The Express Tribune, October 24th, 2010.