Cement News tagged under: Pakistan International Bulk Terminal Limited

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Coal handling capacity to increase at Port Qasim

13 September 2021, Published under Cement News

To coincide with the pace of growth in the cement industry, Pakistan International Bulk Terminal (PIBT) has announced it plans to increase its coal-handling capacity at Port Qasim in Pakistan at a ‘marginal cost’ of up to US$70m over 2-3 years. The increase in demand for imported coal is primarily attributed to economic recovery driven by the relief measures taken by the Government of Pakistan (GOP) to mitigate the effects of COVID-19, which include a favourable package for construction, low...

PIBTL reports no congestion for coal imports

20 November 2020, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBTL) has informed the government that its terminal at Port Qasim in Karachi is working smoothly without any congestion and delay in the handling of imported coal for cement and other industries. The terminal operator has refuted the claims of terminal users that may point to the opposite. Therefore, PIBTL has sought to clarify several misrepresentations regarding its operation. As a result of the pollution caused by coal handling at Karachi Por...

PIBT shows consistent performance in 1QFY19-20

26 November 2019, Published under Cement News

Pakistan International Bulk Terminal Ltd (PIBT) has handled 2.191Mt cargo, for the quarter ended 30 September 2019, against 2.14Mt in the same period last year, depicting consistent performance in handling import of coal for cement and other industries.   PIBTL earned a net profit of PKR479.14m (US$3m) against a loss of PKR105m during this accounting period.   The company's Board of Directors reiterated its commitment to efficiently operate Pakistan's first state-of-the-art mechanised bulk c...

Lucky Cement to award 660MW power plant contract next month

27 April 2016, Published under Cement News

Lucky Cement is preparing to award a contract to build a 660MW coal-fired electricity generation plant at the country's industrial hub near Karachi. Negotiations with potential EPC (engineering, procurement and construction) contractors have started and the EPC contract will be concluded during the month of May 2016. In March, the Pakistan Power Infrastructure Board issued a licence to Lucky Electric Power Company, a subsidiary of Lucky Cement, to build the coal-fired plant at Deh Ghangar...

Pakistan International Bulk Terminal issues 20% stake to IFC

28 July 2015, Published under Cement News

The Pakistan International Bulk Terminal Limited (PIBTL) has issued 189.653m shares, or 20 per cent, stakes to the International Finance Corporation (IFC) at INR10 (US$0.09)/share for its bulk terminal to handle coal, clinker and cement under construction on a build, operate and transfer (BOT) basis at Port Qasim, near Karachi, Pakistan. The project is expected to be completed in the end of 2016 at a cost of US$185m. Once completed PIBTL will have capacity for handling up to 12Mta of coal, ...

PIBT receives US$19m from IFC to part finance terminal

21 June 2012, Published under Cement News

Pakistan International Bulk Terminal Limited (PIBT) said it has signed an agreement with the International Finance Corp (IFC), a member of the World Bank Group to get part financing for the construction of Pakistan’s first multipurpose non-food dry bulk cargo terminal at the Port Qasim near Karachi. In his welcome speech, Managing Director Marine Group of Companies Aasim A Siddiqui highlighted the importance of the contributions made by IFC in the Ports of Pakistan and specifically to the...