According to the annual report of Pakistan International Bulk Terminal Limited (PIBT), during the year 2021, the Company has shown growth in revenue, gross profit and earnings per share owing to the consistent business performance of handling 10.072 million tons of cargo and the impact of exchange gain on currency revaluation of USD denominated foreign loans.

Contribution to the economy

It’s worth mentioning that ~35% of the Company’s revenue goes to Port Qasim Authority in terms of royalty which amounted to Rs. 3,720 million this year. Further, contribution to the national exchequer in lieu of income tax, sales tax and other government levies amounted to Rs. 2,056 million this year.

PIBT, a flagship project of the Marine Group of Companies (MRGC), is Pakistan’s first terminal for handling coal, clinker and cement on a Build Operate Transfer (BOT) basis at Port Muhammad Bin Qasim to meet the industry’s demand for mechanized handling of dirty bulk cargo.

For thirty years, the Company entered into a BOT contract with Port Qasim Authority (PQA) on November 06, 2010. The terminal has been developed in the national interest following the master plan of the Ministry of Maritime Affairs as the common-user terminal for dirty bulk cargo in Pakistan. The project warrants significant importance, being the linkage of the supply chain catering to the national requirement of coal imports for the power plants, cement manufacturers and industrial consumers, and increasing the port infrastructure capacity for handling imported coal in Pakistan.

A huge capital in excess of USD 300 million was invested in the project, which also attracted direct foreign investment through, inter alia, International Finance Corporation’s (financial arm of the World Bank) debt financing and equity investment in PIBT. It is pertinent to highlight that the Company is a listed entity on the Pakistan Stock Exchange and currently it has more than 20,000 shareholders from the public. PIBT has been designed to handle the export of clinker & cement and the import of coal, which is used for power generation by IPPs and other industries such as cement, steel, and others.

PIBT has the current capacity to handle 12 million tons of coal import and 4 million tons of export of clinker and cement which can altogether be further enhanced up to 20 million tons per year. PIBT has been developed over 61.775 acres of backup area, including coal and cement storage facilities and 9.72 acres of waterfront area i-e jetty and trestle.