Pakistan International Container Terminal

Pakistan International Container Terminal (PICT) was established in 2002 on build–operate–transfer basis.^[2] It was a joint venture between Premier Mercantile Services and Hamburg Port.^[1] The total cost of the project was estimated at $75 million out of which $9.25 million was funded by the International Finance Corporation in form of loans.^[1][3] The funds were used to acquire container handling equipment and quay cranes.^[1]

In 2003, PICT was listed on the Karachi Stock Exchange, following an initial public offering.^[4][5]

In April 2004, the first phase of the project became operational at a cost of $30 million.^[3][6]

In April 2012, International Container Terminal Services acquire 35 percent of the PICT.^[7] As of 2012, it has a maximum handling capacity of 750,000 TEUs.^[7]

In June 2023, PICT successfully completed its twenty-one year concession agreement with the Karachi Port Trust (KPT) and the terminal was transferred to KPT accordingly.^[8][9] The same month, UAE based AD Ports Group leased the terminal for 50-years and renamed it Karachi Gateway Terminal Ltd.^[10]

• Official website