PAKISTAN INTERNATIONAL BULK TERMINAL LIMITED Annual Report 2022
Progress with Care
Contents
04 Company Profile
- Company Information
- Vision and Mission
- Core Values
- Organization Chart
- Business Strategy and Competitive Edge
- Code of Conduct
- Leadership
- Role of Chairman
- Role of Chief Executive Officer
- Highlights FY - 2022
- Chairman's Review Report
- Chairman's Review Report (Urdu)
- Directors' Report
- Directors' Report (Urdu)
- Financial Performance
- Six Years at a Glance
- Statement of Value Addition and Distribution of Wealth
- DuPont Analysis
- Market Capitalization, Share Price and Volume Data
- PIBT Events
- Statement of Compliance
- Independent Auditor's Review Report
- Independent Auditor's Report
- Financial Statements
- Pattern of Shareholding
- Notice of the 13th Annual General Meeting
- Notice of the 13th Annual General Meeting (Urdu) Proxy Form
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Company Profile
Pakistan International Bulk Terminal Limited (PIBT), a flag ship project of the Marine Group of Companies (MRGC), is Pakistan's first terminal for handling coal, clinker and cement on Build Operate Transfer (BOT) basis at Port Muhammad Bin Qasim to meet the industry's demand for mechanized handling of dirty bulk cargo. The Company has entered into BOT contract with Port Qasim Authority (PQA) on November 06, 2010 for a period of thirty years.
The terminal has been developed in the national interest in accordance with the master plan of the Ministry of Maritime Affairs as the common-user terminal for dirty bulk cargo in Pakistan. The Project warrants significant importance, being the linkage of the supply chain catering to the national requirement of coal imports for the power plants, cement manufacturers and industrial consumers, and by increasing the port infrastructure capacity for handling imported coal in Pakistan.
A huge capital in excess of USD 300 million was invested in the project, which also attracted Direct Foreign Investment in the country through, inter alia, International Finance Corporation's (financial arm of the World Bank) debt financing and equity investment in PIBT. It is pertinent to highlight that the company is a listed entity on the Pakistan Stock Exchange and currently it has more than 20,000 shareholders from the public.
PIBT has been designed to handle export of clinker
- cement and import of coal, which is used for the purpose of power generation by IPPs as well as by other industries such as cement and steel. PIBT has current capacity to handle 12 million tons of coal import and 4 million tons of export of clinker and cement which can altogether be further enhanced up to 20 million tons per year. PIBT has been developed over 61.775 acres backup area including coal and cement storage facilities, and 9.72 acres water front area i.e. , jetty and trestle.
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Company Information
Board of Directors | Human Resource & |
Chairman | Remuneration Committee |
Capt. Haleem A. Siddiqui | Chairman |
Chief Executive Officer | Syed Nadir Shah |
Members | |
Mr. Sharique Azim Siddiqui | |
Directors | Mr. Sharique Azim Siddiqui |
Mr. Ali Raza Siddiqui | |
Capt. Zafar Iqbal Awan | Secretary |
Mr. Ali Raza Siddiqui | |
Syed Nadir Shah | Mr. Arsalan I. Khan, FCA |
Ms. Farah Agha | Bankers |
Mr. M. Masood A. Usmani | |
Chief Financial Officer | Al-Baraka Bank Limited |
Allied Bank Limited | |
Mr. Arsalan I. Khan, FCA | Askari Bank Limited |
Company Secretary | Dubai Islamic Bank Pakistan Limited |
Faysal Bank Limited | |
Mr. Karim Bux, ACA | Habib Bank Limited |
Legal Advisors | JS Bank Limited |
MCB Bank Limited | |
Khalid Anwer & Co. | Meezan Bank Limited |
153-K , Sufi Street, Block-2, PECHS, | National Bank of Pakistan |
Karachi - 75400 | Samba Bank Limited |
Kabraji & Talibuddin | Sindh Bank Limited |
The Bank of Punjab | |
406-407, 4th Floor, The Plaza at Do Talwar, | United Bank Limited |
Block 9, Clifton, Karachi - 75600 | Registered & Head Office |
H.B Corporate - Legal Consulting | |
2nd Floor, Business Plaza, Mumtaz | |
Suite no. M-97, Mezzanine Floor, Glass Tower, | Hassan Road, Karachi -74000 Pakistan |
Clifton Road, Karachi | Tel. 92-21-32400450-3 |
Auditors | Fax. 92-21-32400281 |
Terminal Office | |
EY Ford Rhodes | |
Chartered Accountants | NWIZ/LL/02, North Western Industrial |
6th Floor, Progressive Plaza, Beaumont | Zone, Port Qasim Authority, Karachi, |
Road, P.O. Box 15541, Karachi - 75530 | Pakistan. Tel: 92-21-34727428 |
Registrar / Transfer Agent | |
CDC Share Registrar Services Limited | |
CDC House, Main Shahrah-e-Faisal, Karachi | |
Audit Committee | |
Chairman | |
Syed Nadir Shah | |
Members | |
Capt. Zafar Iqbal Awan | |
Mr. Ali Raza Siddiqui | |
Ms. Farah Agha | |
Chief Internal Auditor & Secretary | |
Mr. Noman Yousuf |
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Pakistan International Bulk Terminal Ltd. published this content on 04 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2022 10:11:10 UTC.
