Engro Holdings Limited has informed the Pakistan Stock Exchange (PSX) that its associated company, Engro Vopak Terminal Limited (EVTL), has successfully renewed its Implementation Agreement with the Port Qasim Authority (PQA), securing the continuation of its terminal operations for another 30 years.
According to the disclosure submitted on June 18, 2026, EVTL obtained all necessary regulatory and governmental approvals for the renewal process. These approvals included consent from the Economic Coordination Committee (ECC) of the Cabinet on June 16, 2026, followed by approval from the Federal Cabinet on June 17, 2026.
Following these approvals, EVTL and the Port Qasim Authority executed a Supplemental Implementation Agreement that extends EVTL’s operating rights for an additional 30 years on a non-exclusive basis. The agreement ensures the long-term continuity of the company’s operations at one of Pakistan’s key energy and liquid cargo handling terminals.
EVTL is a joint venture linked to Engro Corporation Limited, a subsidiary of Engro Holdings Limited. The renewal is expected to provide greater operational certainty and support future investments aimed at enhancing terminal infrastructure and services at Port Qasim.
Engro Holdings disclosed the development in compliance with Sections 96 and 131 of the Securities Act, 2015, and the PSX Rule Book requirements regarding material information. The company stated that the renewal represents a significant milestone for EVTL and reinforces its long-term role in Pakistan’s energy and logistics sector.
The extension of operating rights is expected to strengthen EVTL’s strategic position while contributing to the efficient handling and storage of petroleum and chemical products, supporting Pakistan’s growing industrial and energy requirements over the coming decades.
