Karachi Port trust (KPT) sees a 25% growth in cargo in FY21

The KPT (Karachi Port Trust) realized substantial growth in cargo handling in the last 11 months, indicating healthy economic activity in Pakistan.

This was revealed by the Minister for Maritime Affairs, Ali Haider Zaidi.

Substantial growth in Cargo handling at our ports over last 11 months clearly reflects robust economic activity.
Jul-May 2021 figures below:@official_kpt Cargo(mn tonnes) +25.71% YoY.
Container(TEUs) +13.6% Ship movements +21.3%
Volumes at @QasimPort +12.65%
Pakistan on the rise

— Ali Haider Zaidi (@AliHZaidiPTI) June 3, 2021

The latest data disclosed that the KPT recorded a 25.71% rise in cargo from July 2020 to May 2021.

Likewise, it witnessed a 13.6% increase in container handling and a 21.3% rise in ship movement.

Meanwhile, cargo volumes at Port Qasim increased by 12.65% from July 2020 to May 2021.

The minister stated the South Asian country was on the ascent and that this robust trade activity revealed that Pakistan was on the right course.

In May this year, KPT had said it had saved ₨. 602 million in managing and working expenditures due to prudent financial administration, productive use of resources, and decreasing costs.

Excellent progress made by @official_kpt
Prudent financial management has led to significant cost cutting of Rs. 602 million without layoffs in the last 5 months plus follow up & delivery on various other initiatives.
Keep up the good work👍🏻 pic.twitter.com/v15jZKGzAE

— Ali Haider Zaidi (@AliHZaidiPTI) May 26, 2021

Zaidi had also stated earlier that after the Port Qasim Authority (PQA), a distinct Management Information System would also be authorized at the KPT.

The authorities are striving to guarantee transparency in all ministries via the usage of technology, and all organizations under the Maritime Affairs ministry are also set to be digitized.

New staff for the agency would be drafted strictly on merit, the minister notified.

What are your views on this? Share with us in the comments below.