Section 4: Functions of the Corporation

4. Functions of the Corporation.—(1) The Corporation shall carry out works and functions, in accordance with the provisions of this Act. In particular, and without prejudice to the generality of the foregoing, the functions of the Corporation shall include- (a) carrying out activities, businesses and works, in the field of Logistics, Logistics Management, Infrastructure Development, border terminal operations and other related activities; (b) organizing, contracting, and engaging in Multimodal Logistics, Logistics Management, and Infrastructure Development activities, and matters connected therewith, or ancillary thereto; (c) engaging, participating, and undertaking projects, related to the Corporation’s activities and functions, in and outside of Pakistan, in the public and private sector, through solicitation, open competition, or on government-to-government basis; (d) procuring, developing, manufacturing, processing, producing, providing, maintaining and repairing necessary goods, services, equipment, vehicles, spares, and other related items, for the activities envisioned under this Act; (e) acquiring, divesting, developing or utilizing assets and property, or interest therein, by acquisition, purchase, rent, lease, or any other mode, for use or utilization by the Corporation; (f) establishing, operating, managing and divesting business units, corporate entities, trusts, consortiums, foundations, offices, associations, special purpose vehicles, joint ventures, and other entities, for the discharge of the Corporation’s duties and functions under this Act; and (g) carrying out any other works or activities connected therewith, or ancillary thereto. (2) The Corporation shall also carry out such strategic functions and activities as may be assigned by the Government, through the Board, in accordance with the provisions of this Act, as well as the rules or regulations made hereunder. CHAPTER-IV MANAGEMENT AND ADMINISTRATION OF THE CORPORATION

Effective date: 2023-08-07

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