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PIBT strives for excellence in cargo operationsBreaking

January 23, 2025

Shams ul Nisa

The Pakistan International Bulk Terminal Limited (PIBT) is dedicated to operational excellence, customer satisfaction, sustainable practices and environmentally responsible cargo handling.

Therefore, with the rising demand for imported coal, the company remains dedicated to improving its operations and enhancing the shareholder value while maintaining compliance and with global standards in efficiency and environmental responsibility. Operating since November 2010 under a Build Operate Transfer (BOT) agreement with the Port Qasim Authority, the company specializes in handling coal and clinker/cement at Port Muhammad Bin Qasim.

The Pakistan International Bulk Terminal Limited (PIBT) reported a decline in revenue and gross profit of Rs2.3 billion and Rs247.3 million respectively in the first quarter (Q1FY25) of the Fiscal Year 2024-2025, reports WealthPK. The company registered a net loss after tax of Rs320.89 million compared to a profit of Rs577.38 million during the same period last year. This decline can be attributed to the prevailing market conditions that have affected the overall demand for imported coal.

The company remains steadfast in its mission despite a decline in cargo handling from 1.98 million to 1.18 million tons last year due to market challenges. Hence, it is focusing on strategic initiatives to drive growth and recovery. The company is implementing advanced technologies to enhance efficiency in cargo handling, ensuring streamlined operations and improved service delivery. Additionally, it is prioritizing employee development through comprehensive training programs, equipping the staff with the skills needed to manage the new systems effectively.

Despite these challenges, the leadership remains optimistic about the PIBT’s future. The management is focused on enhancing operational efficiency and productivity, ensuring ongoing success in the competitive cargo handling sector. Therefore, a key initiative in this effort is the implementation of advanced mechanized systems, which will streamline cargo handling operations and reduce the environmental footprint associated with traditional methods.

This proactive approach highlights the company's commitment to boosting the shareholder value while maintaining a strong focus on environmental sustainability, positioning the company for sustainable growth and success in the long run. Thus, the PIBT is committed to sustainability, focusing on reducing its carbon footprint with eco-friendly practices while adapting to market demands by diversifying its services.

These efforts aim to help the company overcome challenges and strengthen its position as a leader in Pakistan's bulk cargo handling industry. The company's commitment to operational excellence, efficiency, and stakeholder collaboration sets a high industry standard, positioning it for long-term success and resilience.

Credit: INP-WealthPk