Karachi, Pakistan International Container Terminal Limited informed Pakistan Stock Exchange that the seven persons have filed with the Company, notices of their intention to offer themselves for election as Director under Section 159(3) of the Companies Act, 2017 at the Extraordinary General Meeting of the Company to be held on February 24, 2018.
Pakistan International Container Terminal Limited was incorporated in Pakistan as a private limited company in June, 2002 and was later converted to an unquoted public limited company listed on the Karachi Stock Exchange on October 15, 2003. The foundations of the company are formed under the Companies Ordinance, 1984. The company has a Build Operate Transfer contract with Karachi Port Trust for the exclusive construction, development, operations and management of a common user container terminal at Karachi Port for a period of twenty-one years commencing June 18, 2002. The registered office of the company is located in Karachi.
The International Container Terminal Services Incorporation a company situated in Manila, Philippines, holds directly and indirectly 64.53 percent shareholding of the company and acts as the ultimate parent company.
The services of the company include online tracking, online billing and vessel schedule etc.
The symbol “PICT” is being used by the stock exchanges for the shares of Pakistan International Container Terminal.