Pakistan Company News – Material Information of Pakistan International Bulk Terminal Limited

Material Information of Pakistan International Bulk Terminal Limited

Karachi, Pakistan International Bulk Terminal Limited informed Pakistan Stock Exchange that in terms of the implementation Agreement, Port Qasim Authority has issued the certificates of successful commissioning for coal handling system to the company certifying that the project scope has been successfully completed in all respect.

Pakistan International Bulk Terminal Limited was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. On July 11, 2011, the company was converted as an unquoted public company limited. It is in a start up phase and has its registered office located in Karachi.

The company has entered into a build operate transfer contract with the Port Qasim Authority on November 8, 2010 for the exclusive construction, development, operations and management of a coal and clinker/ cement terminals for a period of thirty years.

The services of the company include providing dirty cargo terminal in Pakistan with mechanized handling of cargo.

The symbol “PIBTL” is being used by the stock exchanges for the shares of Pakistan International Bulk Terminal Limited.