A fire incident at the Pakistan International Bulk Terminal (PIBT) on November 19, 2024, caused significant damage to terminal infrastructure while a cargo of coal was being discharged, the company said in a notice to the Pakistan Stock Exchange (PSX) on Thursday.
The company said that the cause of the fire has been beyond the reasonable control of PIBT and has materially and adversely affected a portion of the terminal and partially impacted PIBT in the performance of its obligations.
“Meanwhile, the terminal’s operations have continued unabated as we have made alternate arrangements to discharge cargo at the terminal,” read the notice.
However, PIBT’s ability to discharge cargo at the terminal on behalf of its customers has been temporarily affected and may unfortunately cause a delay in discharging the cargo.
PIBT said that it was endeavoring its best to manage the smooth discharge of the cargo and is hopeful that the operations of PIBT’s Terminal will return to its customary form and speed within December 2024.
