Potential Growth of Container Terminals is a Major Success

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Potential Growth of Container Terminals is a Major Success

Container terminals assist in transferring the cargo which reaches via sea to trucks in order for it to be distributed across Pakistan.

Pakistan is blessed with being located at the central region of the Indian Ocean. Being a coastal state has its economic benefits, with more than 90% of the trade carried through blue water, Pakistan is home to Gwadar, Karachi and Muhammad bin Qasim ports majorly with minor ports such as Keti Bandar. Container terminals assist in transferring the cargo which reaches via sea to trucks in order for it to be distributed across Pakistan. Karachi is home to two major container terminals. With advanced and swift machinery they show a promising future for the role of container terminals in the Pakistani economy.

Proven success

Container terminals have a vital part in the trading sector, which is still under works in a developing country like Pakistan. In 2008, the former Prime Minister Shahid Khaqan Abbasi inaugurated the deepwater container terminal at KPT (renown for KPT container tracking system), KICT, with the capacity to hold 18,000(increased now to 700,000) 20-foot containers. Following that PICT was the second container terminal, developed in 2009 with the potential of holding 450,000 20-foot containers. Moreover according to The International Bank for Reconstruction and Development report of 2017, if every South Asian container port performed as efficiently as it is currently doing so, the maritime transport costs for South Asian exports would decrease by up to 8 .8% and exports would increase by up to 7%.

The liner shipping connectivity index for Asia pacific countries got released in January 2020; Pakistan ranked 13th with the LSCI of 34.06. It was negatively affected as a consequence of the pandemic, but our trade should statistically advance once we begin to operate habitually. The updated calculated cost of exported goods from Pakistan is currently at 23.49bn USD; with 90% of the trade accomplished via water, with the predicament to increase due to the lifting of the lockdown. The increase of trade is directly proportionate to the success of container terminals in Pakistan. The statistics never mislead the employment rate at the service sector of Pakistan due to trade was about 38.01 as of 2019; proving the increasing success rate of container terminals.

Awareness of success

Marine economy and its aspects have only recently surfaced in the education sector in Pakistan. Due to the positive predictions about the topic, the government has taken to notice that more students should know the effects, benefits and success of this sector. Furthermore, boating and fishing as leisure in Pakistan, have grasped more fame than ever, this also plays into spreading awareness of this sector. While at beaches like Clifton breach, Hawke's bay, Nathia Gali ships carrying freight are visible when you look towards the horizon, recently people have been photographing them often as more are visibly proving the growing rate of container terminals in Pakistan.