Pakistan International Container Terminal

Pakistan International Container Terminal (PICT) is a container terminal port located located at berths 6-9 on the East Wharf of the Port of Karachi.

History
Pakistan International Container Terminal (PICT) was established in 2002 on build–operate–transfer basis. It was a joint venture between Premier Mercantile Services and Hamburg Port. The total cost of the project was estimated at $75 million out of which $9.25 million was funded by the International Finance Corporation in form of loans. The funds were used to acquire container handling equipment and quay cranes.

In 2003, PICT was listed on the Karachi Stock Exchange, following an initial public offering.

In April 2004, the first phase of the project became operational at a cost of $30 million.

In April 2012, International Container Terminal Services acquire 35 percent of the PICT. As of 2012, it has a maximum handling capacity of 750,000 TEUs.

In June 2023, PICT successfully completed its twenty-one year concession agreement with the Karachi Port Trust (KPT) and the terminal was transferred to KPT accordingly.