INTRODUCTION

• PICT is a modern container terminal operating at berths 6—9, East Wharf, Karachi Port.
• Berths commissioned in 1998 with planned depth of 13.5 meters
• Quay Wall: 600 meters
• Commenced terminal operation in 2002. Premier Mercantile Services (Pvt) Ltd – the Sponsor of PICT – has been handling cargo at the Karachi Port since 1964.
• Backup Area 21 Hectares.
• All equipment is brand new, commissioned in 2004, 2006 and 2007
• PICT is the only Container Terminal in Pakistan Sponsored and owned by Pakistanis.
• PICT is a public listed company and is the only port infrastructure project listed on the Karachi Stock Exchange.
• It is the first port infrastructure project in Pakistan financed by International Finance Corporation (“IFC”) -- the private sector arm of the World Bank.
• It is the first private sector project in Pakistan in which the OPEC Fund for International Development has participated as financiers.
• Total Investment: USD 105 million