A matter of trust in Pakistan
The Philippines-based International Container Terminal Services (ICTSI) recently reaffirmed via its subsidiary Pakistan International Container Terminal (PICT) its commitment to improve Pakistan’s port industry. At a recent visit to the Honourable Sindh Governor Imran Ismail Andrew, James Dawes, ICTSI senior vice president and Asia Pacific regional head, and Khurram Aziz Khan, PICT chief executive officer, emphasised the group’s support and commitment to the emerging development projects in the region.
In October 2012, ICTSI completed the acquisition of a majority shareholding in the Pakistan International Container Terminal (PICT), which holds a 21-year concession for the construction, development, operations and management of a common user container terminal at Karachi port for a period of 21 years, commencing 2002. PICT mainly serves Central Asia, Afghanistan and the Western Asia hinterlands. (fd)