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Tuesday, January 22, 2008
Pakistan government to upgrade Karachi shipyard
Port of Karachi
The Pakistan government has decided to upgrade the basic infrastructure for construction of commercial cargo ships and warships, including F-22 P frigates, in Karachi.
The government has allocated Rs 483.42 million for the fiscal year 2007-08 and, in view of its strategic importance, it has already dropped Karachi Shipyard & Engineering Works Limited (KSEW) from its proposed privatization list.
It is envisaged that if shipbuilding projects for the Pakistan Navy, Karachi Port Trust (KPT), Maritime Security Agency (MSA) and Pakistan National Shipping Corporation (PNSC) are undertaken successfully, then KSEW is likely to get export orders from overseas countries.
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