FAP, a Public Limited Company incorporated in Pakistan, is a joint venture between Fauji Foundation (FF) and Akbar Group with National Bank of Pakistan also holding equity in the company. In December 2020, Cargill Pakistan Holdings (Private) Limited also joined as Shareholder.
FAP has a thirty-year concession agreement with Port Qasim under which it has the right to build, own and operate a state-of-the-art and automated grain and fertilizer terminal. Financial close was achieved in July 2008 with construction commencing on a 9 hectare area which was under water and required reclamation in September 2008. The project was completed in a record time of twenty-four months with first vessel to berth in December 2010.
The FAP facility at Port Bin Qasim, is a fully automated Grain and Fertilizer Terminal capable of handling 4 million metric tons of dry cargo per annum, with fully automated Mechanical and Pneumatic unloaders, conveying systems, Steel Silos and Flat Warehouses with a capacity to store 130,000 metric tons of grains, oilseeds, cereals and fertilizers.
FAP also has 17 acres back up area which is planned for development for an additional 500,000 Ton of storage and setup of associated process industries. FAP is an approved contractor of United Nations World Food Programme and also has exclusive rights for handling of dry non-containerized cargoes at Port Qasim.
Salient Features of the Terminal
Multi-purpose import and export Terminal
Over 130,000 tons including 72,000 tons in steel silos
designed for 14.5 meters but currently restricted to 13 m (DWT) due to PQA approach channel restriction
17 acres - Acquired additional land in PQA backup area with a capacity of up to 500,000 tons
Pneumatic and Mechanical Unloaders (1,600 tph)
- Loading equipment of over 700 tph including automated conveyors
- Ancillary fixed and mobile bagging facility capable of dispatching at a rate of 1,000 tph