Tag: Kpt

KARACHI - Karachi Port Trust (KPT) has pushed forward with the internal development of port facilities and has diverted resources to rehabilitate existing general cargo berths in the East Wharf. Simultaneously, it has invested heavily in the Deep Water Container port project, thus bearing the expenditure of building up both facilities.
This act of the KPT management is questionable, given that considerable resources are being committed to the internal development of the port

KARACHI - The Karachi Port Trust (KPT) has dismissed the multimillion dollars bulk cargo terminal, terming the project as "unfeasible", Pakistan Today has learnt.
Some six year ago, the KPT board through Board Resolution Number 02 had approved the construction of a multipurpose Dry Bulk Cargo Handling Terminal (DBCHT) at East Wharf of the Karachi Port. The project, however, later became controversial when one of the bidders, Transworld Cargo Despatch Company (TCDC), challenged

KARACHI - The local intelligence agencies are investigating entire administrative hierarchy of the Karachi Port Trust (KPT) and some local and international salvaging companies for an alleged corruption in a multimillion project.
Referring to unconfirmed reports, the sources, however, claimed the probe was a part of an underlying political tussle between the traditional political rivals, PPP and MQM which, many of the analysts believe, have from the very outset been engaged in a

KARACHI: The multibillion-dollar Pakistan Deep Water Container Port (PDWCP) project is once again mired by the scourge of decades-old "underwater obstructions", Pakistan Today has learnt. The wreckage of at least 10 ships sunk within port limits since 1972 are now hindering the Rs 19.28 billion dredging and reclamation works at the long-awaited PDWCP, valued at $1.087 billion.
To rectify the situation it is now considering awarding a variation order worth over Rs 500 million.