Pakistan International Container Terminal Limited’s Concession Agreement Expires, Company Collaborates with Karachi Port Trust for Transition

Karachi, In a significant development, the Concession Agreement of Pakistan International Container Terminal Limited has expired on June 17, 2023, as disclosed in the audited financial statements for the year ended December 31, 2022, and the interim financial statements for the quarter ended March 31, 2023. The company has been actively cooperating with the Karachi Port Trust to facilitate a smooth handover of the concession premises.

While navigating through this transition period, Pakistan International Container Terminal Limited is diligently assessing its legal options. The company aims to explore potential avenues to mitigate the impact caused by the expiration of the Concession Agreement and to safeguard its interests and stakeholders.

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