Outrage sparked by insufficient terminal capacity

IslAmAbAd news desk

According to Kashif Hussain, a Tribune author, there is a rush of imported containers at Pakistan's terminals, but the storage space for them has run out. This has caused a major decrease in income for terminal operators due to a lack of clearance, which has halted the huge amount of revenue usually received by these terminals.

The Pakistan International Terminal (PICT), a private terminal at Karachi Port, has had to acquire additional space in the KPT yard adjacent to the terminal to store imported containers. However, this has resulted in rent and storage costs becoming bur- densome. The CEO of Pakistan International Container Terminal, Khurram Aziz Khan, explains that the current situation, along with the foreign exchange crisis and import barriers, has created difficulties for the terminal operators. PICT is a publicly listed company and has to take care of the interests of its shareholders, while also paying dividends on foreign shareholding, he lamented.

Khan believes that the lack of profit on their investment is making it difficult to attract foreign direct investment. He urges the government to focus on trade and industry, instead of trying to solve the foreign exchange crisis.

The export sector is also affected, as their import