Pakistan Shipping Report Q1 2016
BMI View: BMI forecasts healthy growth at Pakistan's two major ports, both based around the largest cityin the country, Karachi. Both the Port of Karachi and the Port of Muhammad Bin Qasim are set to postpositive growth in 2016 and throughout the rest of our forecast in the medium term to 2019. While growthwill plateau at steady rates at both ports, the Port of Muhammad Bin Qasim will see more robust growththan that of the Port of Karachi, particularly in terms of container throughput. We forecast that Pakistanwill see comfortable macroeconomic growth over our short- and medium-term forecast period, andhighlight that the country's efforts to diversify trade out of its current core trade partners could paydividends to the shipping sector in particular in the long term.
Both Major Ports To See Growth In 2016
In 2016, both the Port of Karachi and the Port of Muhammad Bin Qasim should see positive growth,building on similar figures we estimate the country has seen in 2015. The Port of Muhammad Bin Qasimwill be the frontrunner in terms of year-on-year growth, posting a rise of 4.1% in total tonnage throughputand the country's highest port growth figure of 7.0% y-o-y for container throughput. However, it should alsobe noted that the Port of Muhammad Bin Qasim is almost half the size of the Port of Karachi, its neighbour,so although growth will be moderately more subdued at 3.3% for total tonnage and 5.0% in TEUs handled,the port will still be handling far more overall.
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