Karachi Port Improvement Project

Abstract*

The objective of the Karachi Port Improvement Project for Pakistan is to replace the lost port capacity and reduce shipping costs to the Pakistan economy through the reconstruction of the failed berths at Karachi port and increasing the effectiveness and efficiency of port operations and enhancing environmental sustainability. The project has two components. (1) Reconstruction component will finance the reconstruction of berths 15 to 17A on the East... Show More

Development Objective

The Project Development Objective (PDO) is to replace the lost port capacity and reduce shipping costs to the Pakistan economy through the reconstruction of the failed berths at Karachi Port and increasing the effectiveness and efficiency of port operations and enhancing environmental sustainability.

Key Details

Project Details

Project ID
P112902
Status
Closed
Team Leader
Hasan Zaidi
Borrower 2
Islamic Republic of Pakistan

Country
Pakistan
Disclosure Date
November 25, 2009
Approval Date
(as of board presentation)
September 9, 2010
Effective Date
July 15, 2011

Total Project Cost 1
US$ 116.40 million
Implementing Agency
Karachi Port Trust
Region
Middle East, North Africa, Afghanistan, and Pakistan
Fiscal Year 3
2011

Commitment Amount
US$ 115.80 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
December 30, 2017

Last Stage Reached
BANK APPROVED
Last Update Date
August 1, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Private Sector Development

FY17 - Jobs33%
- FY17 - Job Creation33%
FY17 - Public Private Partnerships10%

FY17 - Urban and Rural Development

FY17 - Rural Development33%
- FY17 - Rural Infrastructure and service delivery33%
FY17 - Urban Development33%
- FY17 - Urban Infrastructure and Service Delivery33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	115.80
Borrower/Recipient	0.60

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	115.80
IDA Commitment	N/A
IBRD + IDA Commitment	115.80

Lending Instrument
Grant Amount	N/A
Total Project Cost**	116.40

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Feb 10, 2016	IBRD-79560	Loan Disb	38,346.81
Feb 10, 2016	IBRD-79560	Loan Disb	37,913.51
Jul 15, 2014	IBRD-79560	Int Charges	498,678.70
Jun 20, 2014	IBRD-79560	Loan Disb	283,949.22
Jun 19, 2014	IBRD-79560	Loan Disb	50,230.42
Jan 15, 2015	IBRD-79560	Loan Disb	624,223.90
Jan 15, 2015	IBRD-79560	Int Charges	624,223.90
Feb 17, 2015	IBRD-79560	Loan Disb	114,190.72
Aug 27, 2014	IBRD-79560	Loan Disb	1,769,203.00
Feb 6, 2015	IBRD-79560	Loan Disb	294,643.28
Jul 15, 2014	IBRD-79560	Loan Disb	498,678.70
Jul 18, 2014	IBRD-79560	Loan Disb	452,622.88
Mar 24, 2015	IBRD-79560	Loan Disb	44,146.81
Mar 12, 2015	IBRD-79560	Loan Disb	43,754.07
Mar 12, 2015	IBRD-79560	Loan Disb	4,995.57
Jan 15, 2019	IBRD-79560	Loan Repay	2,598,399.00
May 8, 2019	IBRD-79560	Loan Disb	-4,597,721.00
May 8, 2019	IBRD-79560	Loan Cancel	4,597,721.00
Dec 20, 2018	IBRD-79560	Loan Cancel	9,319,627.00
Jul 15, 2019	IBRD-79560	Int Charges	2,007,425.80
Jul 15, 2019	IBRD-79560	Loan Repay	2,480,459.20
Jan 15, 2020	IBRD-79560	Int Charges	1,618,019.50
Apr 11, 2017	IBRD-79560	Loan Disb	21,986.03
Jul 15, 2017	IBRD-79560	Int Charges	1,272,032.60
Dec 29, 2017	IBRD-79560	Loan Disb	3,500,000.00
Feb 5, 2018	IBRD-79560	Loan Disb	62,500.00
Jun 6, 2018	IBRD-79560	Loan Disb	463,168.00
May 3, 2018	IBRD-79560	Loan Disb	66,634.46
May 3, 2018	IBRD-79560	Loan Disb	53,513.00
Jan 15, 2018	IBRD-79560	Int Charges	568.38
Jan 15, 2018	IBRD-79560	Int Charges	1,364,494.00
May 14, 2018	IBRD-79560	Loan Disb	1,142.69
May 14, 2018	IBRD-79560	Loan Disb	42,030.22
Jul 15, 2018	IBRD-79560	Int Charges	4,313.75
Aug 9, 2016	IBRD-79560	Loan Disb	165,600.00
Jun 24, 2016	IBRD-79560	Loan Disb	289,976.00
Oct 13, 2016	IBRD-79560	Loan Disb	113,868.00
Sep 29, 2016	IBRD-79560	Loan Disb	69,728.86
Jul 15, 2023	IBRD-79560	Int Charges	2,426,614.80
Jul 15, 2023	IBRD-79560	Loan Repay	2,480,459.20
Jan 15, 2024	IBRD-79560	Int Charges	2,625,390.20
Jan 15, 2024	IBRD-79560	Loan Repay	2,480,459.20
Jul 15, 2024	IBRD-79560	Loan Repay	2,480,459.20
Jul 15, 2024	IBRD-79560	Int Charges	15,919.64
Jul 11, 2013	IBRD-79560	Loan Disb	1,660,132.10
Jul 8, 2013	IBRD-79560	Loan Disb	1,045,970.00
Jan 14, 2015	IBRD-79560	Loan Disb	44,275.53
Mar 3, 2014	IBRD-79560	Loan Disb	47,226.91
Feb 26, 2014	IBRD-79560	Loan Disb	4,699,103.50
Nov 8, 2013	IBRD-79560	Loan Disb	2,517,628.20
Sep 10, 2013	IBRD-79560	Loan Disb	42,756.97
Sep 10, 2013	IBRD-79560	Loan Disb	83,698.38
Oct 16, 2013	IBRD-79560	Loan Disb	450,678.00
Mar 3, 2014	IBRD-79560	Loan Disb	81,690.67
Jan 13, 2014	IBRD-79560	Loan Disb	41,729.48
Dec 27, 2013	IBRD-79560	Loan Disb	353,646.00
Oct 3, 2013	IBRD-79560	Loan Disb	1,081,351.00
Jan 15, 2014	IBRD-79560	Loan Disb	404,632.06
Aug 20, 2015	IBRD-79560	Loan Disb	171,676.19
Jan 15, 2016	IBRD-79560	Int Charges	8,264.86
Jan 15, 2016	IBRD-79560	Int Charges	795,613.56
Dec 9, 2015	IBRD-79560	Loan Disb	41,399.63
Dec 9, 2015	IBRD-79560	Loan Disb	75,617.72
Nov 2, 2015	IBRD-79560	Loan Disb	108,555.00
Sep 24, 2015	IBRD-79560	Loan Disb	170,967.00
Dec 9, 2015	IBRD-79560	Loan Disb	7,495.67
Feb 11, 2016	IBRD-79560	Loan Disb	45,215.35
Feb 10, 2016	IBRD-79560	Loan Disb	7,650.83
Mar 18, 2016	IBRD-79560	Loan Disb	11,881.01
Mar 18, 2016	IBRD-79560	Loan Disb	16,061.51
Apr 11, 2016	IBRD-79560	Loan Disb	1,972.22
Apr 4, 2016	IBRD-79560	Loan Disb	41,393.69
Feb 24, 2016	IBRD-79560	Loan Disb	1,151,563.00
Feb 24, 2016	IBRD-79560	Loan Disb	280,529.00
Apr 19, 2016	IBRD-79560	Loan Disb	12,009.41
Mar 30, 2016	IBRD-79560	Loan Disb	37,393.63
Mar 30, 2016	IBRD-79560	Loan Disb	15,858.87
Mar 29, 2016	IBRD-79560	Loan Disb	4,705.31
Mar 29, 2016	IBRD-79560	Loan Disb	10,962.89
Mar 22, 2016	IBRD-79560	Loan Disb	716,975.00
Jul 15, 2016	IBRD-79560	Int Charges	1,011,146.94
Apr 4, 2016	IBRD-79560	Loan Disb	45,081.60
Apr 4, 2016	IBRD-79560	Loan Disb	62,892.43
Apr 11, 2016	IBRD-79560	Loan Disb	13,321.58
Jun 21, 2016	IBRD-79560	Loan Disb	115,320.00
Jun 21, 2016	IBRD-79560	Loan Disb	278,046.00
Jun 30, 2016	IBRD-79560	Loan Disb	51,120.63
Jul 15, 2016	IBRD-79560	Int Charges	206.03
Aug 2, 2016	IBRD-79560	Loan Disb	337,162.00
Sep 14, 2016	IBRD-79560	Loan Disb	8,002.00
Jun 25, 2015	IBRD-79560	Loan Disb	7,000,000.00
May 21, 2015	IBRD-79560	Loan Disb	88,183.98
Jun 29, 2015	IBRD-79560	Loan Disb	47,023.09
Jun 29, 2015	IBRD-79560	Loan Disb	42,532.79
Jul 15, 2015	IBRD-79560	Int Charges	659,995.50
Mar 12, 2015	IBRD-79560	Loan Disb	14,816.93
Mar 9, 2015	IBRD-79560	Loan Disb	929,229.30
Jan 21, 2015	IBRD-79560	Loan Disb	12,221.84
Sep 23, 2014	IBRD-79560	Loan Disb	646,310.00
May 19, 2015	IBRD-79560	Loan Disb	47,057.51
May 19, 2015	IBRD-79560	Loan Disb	43,367.25
Jun 24, 2015	IBRD-79560	Loan Disb	804,563.00
Jun 1, 2015	IBRD-79560	Loan Disb	281,014.28
Jan 15, 2014	IBRD-79560	Int Charges	404,632.06
Dec 5, 2013	IBRD-79560	Loan Disb	1,243,958.00
Jan 3, 2014	IBRD-79560	Loan Disb	78,576.47
Apr 9, 2014	IBRD-79560	Loan Disb	477,668.00
Mar 10, 2014	IBRD-79560	Loan Disb	1,734,978.40
Feb 4, 2014	IBRD-79560	Loan Disb	641,938.00
May 14, 2014	IBRD-79560	Loan Disb	623,786.00
May 22, 2014	IBRD-79560	Loan Disb	13,812,112.00
Jun 19, 2014	IBRD-79560	Loan Disb	50,775.18
Jun 4, 2014	IBRD-79560	Loan Disb	53,448.54
Jun 4, 2014	IBRD-79560	Loan Disb	40,463.52
Oct 18, 2016	IBRD-79560	Loan Disb	188,902.89
Jan 15, 2017	IBRD-79560	Int Charges	909.92
Jan 15, 2017	IBRD-79560	Int Charges	1,106,939.80
Nov 2, 2016	IBRD-79560	Loan Disb	5,821.53
Aug 18, 2016	IBRD-79560	Loan Disb	7,037.67
Apr 10, 2017	IBRD-79560	Loan Disb	13,069.46
Apr 10, 2017	IBRD-79560	Loan Disb	53,274.88
Jun 2, 2017	IBRD-79560	Loan Disb	191,877.28
Apr 4, 2017	IBRD-79560	Loan Disb	54,049.71
Apr 4, 2017	IBRD-79560	Loan Disb	28,223.65
Feb 10, 2016	IBRD-79560	Loan Disb	10,278.11
Feb 8, 2016	IBRD-79560	Loan Disb	21,804.13
Feb 8, 2016	IBRD-79560	Loan Disb	43,838.98
Feb 8, 2016	IBRD-79560	Loan Disb	287,005.90
Feb 8, 2016	IBRD-79560	Loan Disb	38,382.28
Feb 8, 2016	IBRD-79560	Loan Disb	145,513.60
Sep 17, 2015	IBRD-79560	Loan Disb	632,218.00
Jul 15, 2024	IBRD-79560	Int Charges	2,517,388.80
Sep 9, 2010	IBRD-79560	Loan Commitment	115,800,000.00
Jul 15, 2022	IBRD-79560	Int Charges	637,586.30
Jul 15, 2022	IBRD-79560	Loan Repay	2,480,459.20
Jan 15, 2022	IBRD-79560	Int Charges	560,094.30
Jan 15, 2022	IBRD-79560	Loan Repay	2,480,459.20
Jan 15, 2023	IBRD-79560	Int Charges	1,707,096.10
Jan 15, 2023	IBRD-79560	Loan Repay	2,480,459.20
Jan 15, 2020	IBRD-79560	Loan Repay	2,480,459.20
Jul 15, 2020	IBRD-79560	Int Charges	1,400,612.80
Jul 15, 2020	IBRD-79560	Loan Repay	2,480,459.20
May 23, 2014	IBRD-79560	Loan Disb	58,060.77
May 23, 2014	IBRD-79560	Loan Disb	67,899.07
Dec 10, 2014	IBRD-79560	Loan Disb	45,103.72
Oct 29, 2014	IBRD-79560	Loan Disb	545,565.75
Oct 8, 2014	IBRD-79560	Loan Disb	437,961.40
Oct 27, 2014	IBRD-79560	Loan Disb	43,199.50
Oct 27, 2014	IBRD-79560	Loan Disb	35,725.86
Jan 12, 2015	IBRD-79560	Loan Disb	701,652.56
Jan 14, 2015	IBRD-79560	Loan Disb	44,773.80
Jul 15, 2013	IBRD-79560	Loan Disb	191,627.00
Jul 15, 2013	IBRD-79560	Int Charges	191,627.00
Dec 8, 2014	IBRD-79560	Loan Disb	46,370.86
Dec 2, 2014	IBRD-79560	Loan Disb	809,922.44
Aug 23, 2013	IBRD-79560	Loan Disb	2,053,064.00
Aug 28, 2013	IBRD-79560	Loan Disb	3,068,657.20
May 27, 2015	IBRD-79560	Loan Disb	333,575.00
Jan 15, 2021	IBRD-79560	Int Charges	679,734.44
Jan 15, 2021	IBRD-79560	Loan Repay	2,480,459.20
Jul 15, 2021	IBRD-79560	Loan Repay	2,480,459.20
Jul 15, 2021	IBRD-79560	Int Charges	610,803.75
Jul 15, 2018	IBRD-79560	Int Charges	1,613,396.60
Jul 15, 2018	IBRD-79560	Loan Repay	2,586,819.80
May 8, 2018	IBRD-79560	Loan Disb	5,479.85
Jan 15, 2019	IBRD-79560	Int Charges	1,520.34
Jan 15, 2019	IBRD-79560	Int Charges	1,948,812.20

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2018-02-06
Overall Safeguards Rating	Satisfactory	2018-02-06
Counterpart Funding	Satisfactory	2018-02-06
Progress towards achievement of PDO	Moderately Satisfactory	2018-02-06
Financial Management	Moderately Satisfactory	2018-02-06
Overall Implementation Progress (IP)	Moderately Satisfactory	2018-02-06
Project Management	Moderately Satisfactory	2018-02-06
Monitoring and Evaluation	Satisfactory	2018-02-06
Overall Safeguards Rating	Satisfactory	2018-02-06

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 07-30-2018
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 10-22-2018	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Reduction in waiting to service time ratio Value 0.54 0.35 0.33
Date July 1, 2010 December 30, 2017 December 30, 2017
Comment
Improvement in occupancy rate of project berths Value 74.00 55.00 44.51
Date July 1, 2010 December 30, 2017 December 30, 2017
Comment
Increase in berth throughput, tons per berth per year Value 0.00 1125000.00 849448.00
Date July 1, 2010 December 30, 2017 December 30, 2017
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Reconstruction of berths 15, 16, 17 & 17A, quay wall of 922 meters and backyard facilities completed Value 0.00 100.00 100.00
Date July 1, 2010 December 30, 2017 December 30, 2017
Comment

KPT's Five-year Business Plan developed and key short-term recommendations implemented	Value	No five-year Business Plan	Key short-term recommendations implemented	Strategic/Business Plan prepared. KPT has initiate
	Date	July 1, 2010	December 30, 2017	December 30, 2017
	Comment

KPT's audits fully complying with International Financial Reporting Standards (IFRS)	Value	Partial compliance with IFRS	Full compliance with IFRS	Full compliance with IFRS. KPT is also implementin
	Date	July 1, 2010	December 30, 2017	December 30, 2017
	Comment

KPT complying with ISO 14001 environmental management	Value	No compliance with ISO 14001	Compliance with ISO 14001	EHS Management System has been established. ISO/OH
	Date	July 1, 2010	December 30, 2017	December 30, 2017
	Comment

Reduction in waiting to service time ratio	Value	0.54	0.35	0.33
	Date	July 1, 2010	December 30, 2017	December 30, 2017
	Comment

Improvement in occupancy rate of project berths	Value	74.00	55.00	44.51
	Date	July 1, 2010	December 30, 2017	December 30, 2017
	Comment

Increase in berth throughput, tons per berth per year	Value	0.00	1125000.00	849448.00
	Date	July 1, 2010	December 30, 2017	December 30, 2017
	Comment