Federal government institutions related to the ports and shipping industry earned a profit of over Rs 12 billion during FY11 despite the lingering global economic downturn.
This was stated by Federal Minister for Ports and Shipping Senator Babar Ghauri while announcing the regularization of some 223 daily wagers and contractual employees in the Karachi Port Trust here at the KPT head office Thursday.
Attributing the achievement to “good governance”, the federal minister said the KPT and the Pakistan National Shipping Corporation (PNSC) had made a remarkable earning of Rs 11 billion and Rs 1 billion, respectively, during the last financial year. “The Port Qasim and Gwadar Port are also on the same profitable path,” he told the ceremony titled “Regularization of Contractual/Daily Wagers Employees of KPT”.
“All institutions falling under my ministry are profitable and
progressing well,” the MQM leader said.
On the occasion, the senator also announced the regularization of KPT’s 113 sportsmen working on stipend and pledged that the laborers from Karachi Dock Labor Board (KDLB) would also soon be hearing good news. Also, he said the KPT board had approved Rs 2.7 million for the sports activities. Earlier, KPT Chairman Aslam Hayat welcomed the federal minister at KPT saying his job, as a
civil servant, was none other than implementing the government’s policies on ground.
Federal ports, shipping agencies earn Rs12bn in FY11
