Karachi Port Plans $100M Investment Amid Iran War Cargo Surge

KGTL plans up to $100m more investment in Karachi port after cargo surge from Iran war

The Karachi Gateway Terminal Ltd (KGTL) is planning up to $100 million in new investment within five years as Pakistan tries to cut freight costs and turn a cargo surge triggered by the Iran war into longer-term regional shipping gains. KGTL, backed by Abu Dhabi Ports Group, has already completed a $60m dredging project at Karachi Port and is expanding container and bulk-handling facilities, Chief Executive Officer (CEO) Khurram Aziz Khan told Reuters in an interview. “We are targeting anothe...

By [email protected] (Reuters)