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  • Khunjerav National Park team including Mehmood Ghaznavi Conservator, Assistant Commissioner Hunza Zulqarnain, Serctary forest Gilgit Baltistan Shahid Zaman has distributed Rs.11529625/- to the community of Khunjerav villagers organization.

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Economics
Home›Economics›Liquidation of Pak China Sost Dry Port

Liquidation of Pak China Sost Dry Port

By Sost Today English
October 10, 2017
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SOST TODAY: The liquidation process of Pak China Sost Dry port has formally started. A group of liquidator took over the charges of Pak China Sost Dry port on Monday.
Chief court of Gilgit Baltistan has appointed Muhammad Husssain Shehzad, Mirza Ali with their associates Latif Shah and Muhammad Qasim Shehzad.
Pak China Sost Dry port was established in 2003 and was innugrated by then president of Pakistan general Parviaz Musharaf. The port was formed on the recommendation of Federal Ministry of Commerce and Industries and Federal Board of Revenue to facilitate trade between Pakistan and China via Khunjerav pass.
A land of 200 Kanal was acquired by Silk Route Dry Port Trust and Sino Trans, a Chinese logistic company made investment to construct the infrastructure. The Joint Venture between these two companies was agreed for a term of ten years. Latterly, the agreement was extended for another two years through an exclusive resolution by the former board of director of Pak China Sost Dry Port. Though the extension of the contract remain controversial within the members of SRDP as well Sino Trans.
Latterly, the extension resolution was challenged in the court where the extension was declared illegal.
During these years, the Pak China Sost Dry Port always remain in the headline due to strife between the management of the Joint Ventures over financials misconduct and other offices issues, Which consequently led the Joint venture to an unpleasant end.
According to our source, National Logistic Cell NLC has shown interest acquire the dry port on lease. NLC as submitted a proposal to Silk Route Dry Port Trust.
Abdul Rauf, Vice chairman of Silk Route Dry Port Trust told SOST TODAY that an MoU between NLC and SRDPT as been signed. The port will be handover to NLC later this year for an agreed term of period.
Responding to a question, Rauf said that interest of the land owners and other stake holders has been fully protected.
Photo: Sabir Ali

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Sost Today is a platform for the Participatory Journalists of Gilgit-Baltistan and Chitral, where we share a very diverse information including News, articles, events, photo and video in different categories like social, political, economical, cultural, socioeconomic, sports, health, education, travel and so on. Sost Today is non-profit blog founded in 2013 and operates with volunteer editors and the reporters are not paid for their articles. Updated continuously by citizens like you. You are all welcomed to be a part of Sost Today. Send your detail at [email protected]

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  • June 13, 2020

    Khunjerav National Park team including Mehmood Ghaznavi Conservator, Assistant Commissioner Hunza Zulqarnain, Serctary forest Gilgit Baltistan Shahid Zaman has distributed Rs.11529625/- to the community of Khunjerav villagers organization.

  • April 10, 2020

    TMA Chitral distributing Free Mask, Gloves and sanitizer among the people to protect from Corona virus.

  • December 4, 2019

    Illegal goods disposed of at NLC-SRDP sost dryport.

  • July 29, 2019

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    Pakistan’s mountain princess sets new world record

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