Li Ka-Shing’s Pakistan Terminal to Start After 5-Year Delay
- Pakistan’s terminal handling capacity to increase by half
- Some dredging, road work near terminal yet to be completed
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Billionaire Li Ka-shing’s Hutchison Port Holdings Ltd. is set to start its second Pakistan terminal after a five-year delay, giving mega vessels access to the coastal city of Karachi for the first time.
Hutchison’s terminal operations in South Asia’s second-largest economy will commence before the end of this year, as agreed with the Karachi Port Trust, the company said in an e-mailed reply to questions on Monday.