{"id":942,"date":"2018-08-03T09:42:23","date_gmt":"2018-08-03T09:42:23","guid":{"rendered":"https:\/\/www.astarcargo.co.uk\/blog\/?p=942"},"modified":"2019-05-17T09:05:06","modified_gmt":"2019-05-17T09:05:06","slug":"the-current-fiscal-year-sees-karachi-port-trust-handle-50-227m-tons-of-sea-cargo","status":"publish","type":"post","link":"https:\/\/www.astarcargo.co.uk\/blog\/the-current-fiscal-year-sees-karachi-port-trust-handle-50-227m-tons-of-sea-cargo\/","title":{"rendered":"The Current Fiscal Year Sees Karachi Port Trust Handle 50.227M Tons of Sea Cargo"},"content":{"rendered":"

The Hard work of KPT staff is paying off to the Fullest<\/strong><\/h1>\n

Pakistan is a developing country with its economy mostly dependent on agriculture and trade. Seaports play a critical role for countries with coastal areas. Karachi is one of those few cities of Pakistan with at the bank of a coastal line and is the hub of Pakistan\u2019s sea cargo<\/strong><\/a> activity.<\/p>\n

Karachi, the capital of Pakistani province of Sindh, is the most populous city of Pakistan and sixth most populous in the world. Thanks to its great geo-strategic importance, Karachi is country\u2019s chief business and trade centre.<\/p>\n

Karachi, along with boasting the busiest airport in Pakistan, also has Pakistan’s two largest seaports i.e. the Port of Karachi and Port Bin Qasim.<\/p>\n

Karachi Port Trust<\/strong><\/h2>\n

According to an official of KPT, Karachi Port Trust handled over 50.227 million tons of freight in the time span of first 9 months of the current fiscal year in comparison to the cargo handled in the same period of last year.<\/p>\n

The Karachi Port Trust is one of the oldest ports of Pakistan and has been handling 60 to 65 per cent of the national trade. Karachi Port is situated on a strategically important point alongside coastline that lies between straits of Hormuz to Indian coastline.<\/p>\n

It is undoubtedly playing a vital role in the economic growth of the country. Even though the Gwadar Port<\/strong><\/a> is quickly making its way through the ranks, yet KPT remains at the top in numbers.<\/p>\n

The official added that the port was dealing with 26 million tons of cargo per year. Moreover, Karachi Port boasts 30 dry cargo berths.<\/p>\n

 <\/p>\n

There are two large cargo container terminals at the seaport known as Karachi International Container Terminal and Pakistan International Container Terminal.<\/p>\n

The port authorities have focused specifically on enhancing port capabilities to handle cargo in a more efficient way. Thanks to these positive endeavours, the port\u2019s cargo handling capacity is surging significantly with the passage of time.<\/p>\n

KPT to build $10<\/strong> billion Freight Corridor<\/strong><\/h3>\n

Another good news for the KPT is that anticipating the great surge in a port-to-port cargo, a freight corridor will be established with an estimated cost of $8-10 billion besides the coastal line. Being in the middle of Karachi Port and Port Qasim, this freight corridor will help to move all sorts of cargo in a swift fashion.<\/p>\n

This corridor will also be connected to railway track and road network. Many international construction companies have are ready for investing in the freight corridor project.<\/p>\n

KPT Income in Numbers<\/strong><\/h3>\n

Karachi Port Trust<\/strong><\/a> is flourishing and earning a total of Rs 22,051 million. In terms of total expenditures, the KPT spent Rs17710 million. This implies that the total profit it earned for the year 2017-18 remains at a staggering 4,341 million.<\/p>\n

This improvement in numbers owes a lot to the backup system coupled with decent transit and storage capacity. Plus, better infrastructure due to rail and road services for handling, storing and clearing the cargo is also a major reason.<\/p>\n

Karachi port offers 24\/7 safe navigation to all the port traffic movement including tankers, modern vessels, and container carriers up to 75,000 DWT.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Hard work of KPT staff is paying off to the Fullest Pakistan is a developing country with its economy mostly dependent on agriculture and trade. Seaports play a critical role for countries with coastal areas. Karachi is one of those few cities of Pakistan with at the bank of a coastal line and is […]<\/p>\n","protected":false},"author":1,"featured_media":987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[22,18,331,54],"class_list":["post-942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sea-cargo","tag-cargo-to-pakistan","tag-gwadar-port","tag-karachi-port-trust","tag-sea-cargo"],"yoast_head":"\nThe Current Fiscal Year Sees Karachi Port Trust Handle 50.227M Tons of Sea Cargo - ASTAR Cargo<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.astarcargo.co.uk\/blog\/the-current-fiscal-year-sees-karachi-port-trust-handle-50-227m-tons-of-sea-cargo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Current Fiscal Year Sees Karachi Port Trust Handle 50.227M Tons of Sea Cargo - ASTAR Cargo\" \/>\n<meta property=\"og:description\" content=\"The Hard work of KPT staff is paying off to the Fullest Pakistan is a developing country with its economy mostly dependent on agriculture and trade. 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