The Karachi Gateway Terminal Ltd (KGTL) is planning up to $100 million in new investment within five years as Pakistan tries to cut freight costs and turn a cargo surge triggered by the Iran war into longer-term regional shipping gains. KGTL, backed by Abu Dhabi Ports Group, has already completed a $60m dredging project at Karachi Port and is expanding container and bulk-handling facilities, Chief Executive Officer (CEO) Khurram Aziz Khan told Reuters in an interview. “We are targeting another $75 million to $100 million” within five years, Khan said, adding that the next phase would focus on expanding the container terminal, enhancing yard capacity, larger ship and yard cranes, dedicated bulk export infrastructure, silos, warehouses and automated conveying. Khurram Aziz Khan, CEO of Karachi Gateway Terminal Limited (KGTL) and Karachi Gateway Terminal Multipurpose Limited (KGTML), speaks during a Reuters interview in Karachi on June 23, 2026. — Reuters KGTL is also exploring investment in rail freight, includ...
United States Vice President JD Vance is poised to take on his biggest role yet on the international stage as President Donald Trump’s chief negotiator to end the three-month war with Iran, a moment that could shape Vance’s prospects as a White House successor. The two nations agreed to a provisional peace agreement on Wednesday that suspended hostilities but left core issues unresolved, deferring decisions on Iran’s nuclear programme, its support for regional groups and the economically vital Strait of Hormuz to 60 days of talks. The discussions are a high-risk scenario for all sides in the conflict, the broader Middle East, and for Vance’s political ambitions. And the situation remains fluid: Vance cancelled a planned Thursday night flight to Switzerland for the start of talks, though the White House said the US delegation is “prepared to depart at the first available opportunity”. The fast-moving developments coincide with the publication of Vance’s book on his conversion to Catholicism, Communion, and a...