June 18, 2026 (MLN): Engro Vopak Terminal Limited (EVTL), a joint venture of Engro Corporation Limited, has obtained all requisite approvals for the renewal of its Implementation Agreement with Port Qasim Authority (PQA), securing its operating rights at Pakistan's only integrated bulk liquid chemical and LPG terminal for another 30 years on a non-exclusive basis.
The Economic Coordination Committee of the Cabinet granted approval on June 16, 2026, followed by the Federal Cabinet on June 17, 2026.
Following these approvals, EVTL and PQA executed a Supplemental Implementation Agreement renewing EVTL's operating rights.
The renewal marks the continuation of a three-decade relationship in which EVTL has served as a reliable operator of critical national infrastructure.
The terminal currently handles approximately 70% of Pakistan's bulk liquid chemical imports and 50% of LPG marine imports, supporting supply chains across agriculture, textiles, construction, energy, and plastics sectors, while enabling estimated savings of approximately $500m annually for the national exchequer.
The milestone also reflects the confidence of EVTL's Dutch partner, Royal Vopak the world's largest independent and specialized terminal operator in Pakistan's regulatory framework and economic potential.
The 30-year partnership is anchored in Engro's track record of building and operating industrial infrastructure and Vopak's terminal expertise, which has enabled EVTL to bring global safety standards, technical expertise, supply chain efficiencies, and operational discipline to Pakistan.
That track record provides the foundation for continued foreign direct investment in Pakistan's port and logistics infrastructure. EVTL is already looking at additional investments exceeding $200m following this agreement, including the setting up of refrigerated LPG infrastructure aimed at enhancing the country's energy security, for which a feasibility study will soon be initiated.
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.
Renewals of Build-Operate-Transfer (BOT) arrangements with existing operators of critical infrastructure are consistent with global practice, with terminals in the UAE, Türkiye, Thailand, and Spain having followed the same path, prioritizing operational continuity to protect downstream industries and national supply chains.
"Engro's purpose has always been to build businesses that make life possible through effective problem-solving.
EVTL is that purpose made tangible the chemicals that move through this terminal reach various corners of the economy, from the fertilizers that feed the nation to the materials that build its homes.
The renewal of this agreement is a renewal of our purpose itself," said Syed Ammar Shah, Chief Executive Officer of EVTL.
EVTL expressed gratitude to the Government of Pakistan for their trust and for prioritizing national interest through collaborative engagement with industry.
The company acknowledged all stakeholders who facilitated operational continuity while ensuring transparency and due process.
These included the Port Qasim Authority, the Ministry of Maritime Affairs, the Special Investment Facilitation Council, the Public Procurement Regulatory Authority, the Oil & Gas Regulatory Authority, the Ministry of Law and Justice, the Ministry of Finance, the Maritime Taskforce, the National Coordination and Management Council, and the Economic Coordination Committee.