KARACHI: Engro Vopak Terminal Limited (EVTL) is set to invest more than USD 200 million in expanding its operations following the renewal of its terminal’s Implementation Agreement with the Port Qasim Authority (PQA), paving the way for a new phase of infrastructure development.
This milestone reflects the confidence of Engro’s Dutch Partner-Royal Vopak, the world’s largest independent and specialized terminal operator, in Pakistan’s regulatory framework and economic potential.
Recently, EVTL-a joint venture between Engro Corporation and Royal Vopak, have renewed the terminal’s Implementation Agreement with PQA, reinforcing EVTL’s mandate to operate Pakistan’s only integrated bulk liquid chemical and LPG terminal.
The agreement is non-exclusive in nature and was reached through a transparent process, anchored in the contractual provisions of the existing Implementation Agreement and endorsed by all relevant stakeholders.
The renewal marks the continuation of a three-decade relationship in which EVTL has endeavoured to serve as a reliable operator of critical national infrastructure, enabling savings of approximately USD 500 million annually for the national exchequer.
Currently, the terminal handles approximately 70 percent of Pakistan’s bulk liquid chemical imports and 50 percent of LPG marine imports, supporting supply chains across various sectors including agriculture, textiles, construction, energy, and plastics.
That track record provides the foundation for continued FDI in Pakistan’s port and logistics infrastructure. EVTL is already looking at additional investments of more than USD 200 million following this agreement. Future plans and further investment include the setting up of refrigerated LPG infrastructure which will enhance energy security for Pakistan; a feasibility for this will soon be initiated.
Copyright Business Recorder, 2026
Comments