Karachi Port Trust
Coverage of Karachi Port Trust in the Nexus archive.
- Karachi Port Trust sets cargo handling record in 138-year history: maritime minister
The Karachi Port Trust (KPT) achieved a record annual cargo handling volume in FY25-26, surpassing its previous record of 54.685 million tonnes set in FY17-18. The surge is attributed to global shipping lines diverting vessels to Pakistan due to the Strait of Hormuz closure amid the US-Iran war, and the government's efforts to modernize ports and expand trade infrastructure.
- Saudi investors eye Pakistan port deal
Saudi investors are considering a joint venture to develop a 140-acre industrial park in Karachi, Pakistan, aimed at attracting maritime businesses. The deal reflects growing ties between Saudi Arabia and Pakistan, including a recent defense pact, and aligns with Pakistan's goal to become a trade hub between China and the Gulf.
- MoU signed with Saudi Arabia, local partners for 140-acre Karachi waterfront development
Pakistan, Saudi Arabia, and local partners signed an MoU to develop a 140-acre maritime business district on Karachi Port Trust land. The project aims to create a commercial and maritime hub, meet regulatory requirements, and strengthen economic ties between the two nations.