AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

ISLAMABAD: A parliamentary panel was informed on Friday that maintenance dredging of Gwadar Port is the responsibility of Pakistan, but 91 percent of the profit from port operations goes to a Chinese company.

The Senate Standing Committee on Maritime Affairs was told by the Maritime Affairs Ministry that 91 percent of the profit from port operations goes to a Chinese company, whereas, Pakistan’s share is only nine percent.

The officials said that the Gwadar Port Authority (GPA) was unable to carry out this most important obligation on an annual basis due to the non-provision of required funds.

While taking a briefing on the regular maintenance and dredging facilities of Karachi Port Trust (KPT), Senator Saifullah Abro raised questions on the procurement of the hopper barges in 2013-14, to which the official said dredgers were not purchased at that time, adding at present, KPT has four dredgers.

Senator Abro recommended that a report may be sought on all the tenders issued and advertised and the reason why the tender is not executed and the need to re-tender arises.

The committee observed that re-tendering is an expensive process also if the tender is not executed timely the purchase cost increases with the lapse of time.

The committee was also briefed on the designed depth of channel/berths/Ops/FMs, sanctioned depth, volumes and dredging priority and dredging platforms.

The chairman committee stressed that the dredgers should be well maintained.

It was briefed that the KPT has a sufficient number of dredging platforms only to meet its own maintenance dredging requirements in Karachi Port/berths.

It was also briefed that the existing servers are relatively old and frequently require extensive repair/maintenance works even though they met the annual requirement, however, require progressive replacement in the next 03-05 years.

While discussing the implementation status of the recommendations made by the committee relating to re-writing the Pakistan Merchant Marine Shipping Policy and Pakistan Merchant Shipping Ordinance, 2001, the officials said that a committee has been constituted comprising all key stakeholders to review and make amendments in the policy.

Copyright Business Recorder, 2023

Comments

Comments are closed.