Karachi December 5 2024: Pakistan International Bulk Terminal Limited (PIBT) cargo handling may faces delays due to fire incident occurred previous month, according to company filing to the exchange.
“On 19 November 2024, a fire incident occurred at PIBT Terminal while a cargo of Coal was being discharged which has caused considerable damage to the portion of terminal infrastructure. The cause of the fire has been beyond the reasonable control of PIBT and has materially and adversely affected a portion of the terminal and partially impacted PIBT in the performance of its obligations” states the notification.
“Meanwhile, the Terminal’s operations have continued unabated as we have made alternate arrangements to discharge cargo at the terminal. However, PIBT’s ability to discharge cargo at the terminal on behalf of its customers has been temporarily affected and may unfortunately cause a delay in discharging the cargo” the notification added.
“PIBT is endeavoring its best to manage the smooth discharge of the cargo and is hopeful that the operations of PIBT’s Terminal will return to its customary form and speed within December 2024” states the company.
