PIBT secures concessions, signs handling agreement with Reko Diq Mining

Pakistan International Bulk Terminal Limited (PIBT) has disclosed a major development to the Pakistan Stock Exchange, announcing the execution of new strategic agreements that expand the company’s operational scope and business opportunities.

In a formal notification submitted to the exchange, PIBT informed that it has signed a Supplemental Implementation Agreement with the Port Qasim Authority. Under this agreement, the company has been granted additional concessions, rights, and licenses to provide handling, storage, and export services for copper-gold commodities, including minerals, metals, and other natural earth products. These rights have been awarded on a non-exclusive basis.

The development significantly enhances PIBT’s ability to diversify its cargo portfolio and strengthen its presence in the minerals and metals export sector.

Alongside this, PIBT also announced that it has entered into a separate agreement with Reko Diq Mining Company (Private) Limited. The agreement covers the handling of cargo concentrate, marking an important step toward supporting one of Pakistan’s most significant mining projects.

The company stated that the disclosure was made in compliance with the Pakistan Stock Exchange Rule Book and the Securities Act, 2015. Market analysts view the move as a positive signal, indicating PIBT’s intent to capitalize on emerging opportunities in the mining and export logistics sector.

The announcement is expected to attract investor attention as it positions PIBT for long-term growth linked to large-scale mineral development projects in the country.

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