Q19. WRITE A SHORT NOTE ON PORT MUHAMMAD BIN QASIM.
WHAT DO YOU KNOW ABOUT PORT BIN QASIM? EXPLAIN.
As with the passage of time, cargo load increased on Karachi Port the new port was badly needed. After getting various sights surveyed, Phitti Creek near Pakistan Steel was selected for the new port of Pakistan and Port Qasim Authority came into being in June, 1973. Port Muhammad Bin Qasim is the second deep port which began in 1977. The first phase of the port was completed with 12 berths in 1982 at the cost of Rs. 2,700 million,
Port Qasim has been linked with Pakistan Railways at Pipri station.
This port was constructed in the beginning for the import coal, steel and the heavy machines for Pakistan Steel therefore, this port began to operate by importing the machines on the limited scale for Pakistan Steel. From 1984, this port began to be used for importing fertilizers, wheat, edible oil and other goods to export to Afghanistan and to export rice, cement and cotton to other countries.
Trend of container trade is increasing day by day therefore, with the modernization of loading and unloading system at Qasim Port, Qasim International Containers Terminal has also been competed which began operating from August 10, 1994.
Port Qasim handles about 30 per cent of sea trade of Pakistan. During July-March 2003-04, 11.2 million tones of cargo was handled at Qasim Port. While during the same period last year, it was 12.3 million tones. It showed a decline of 9 per cent in as compared to the last year. This decline took place due to restriction of import of furnace oil. Nevertheless, in 2004 as compared to 2003, box trade increased by 41 per cent from Port Qasim.
During the period of July-March 2002-03, 521 ships were received by Bin Qasim white during the same period last year this number was 590. As a result of increase in cargo to be handled and number of ships received, the status of Port Qasim is being international rather national. The revenues of Port Qasim during July-March 2003-04, was Rs. 1.615.7 million. As consequence better management and tight financial controls, expenses of Port during 2003-04 remained confined to Rs. 911.5 million due to which the saving of Rs. 704.2 million took place.