-Advertisement-

60% Port Dues Cuts Aimed for Transshipment Attraction

- Advertisement -

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry stated on Wednesday that the government is taking steps to provide maximum facilitation at ports to attract foreign cargo transshipment due to evolving regional situation.

In a meeting chaired by Chaudhry, officials discussed issues faced by importers and exporters. The minister highlighted fiscal incentives introduced for foreign-flagged vessels carrying dry bulk export cargo, offering up to 60% concession on port dues to reduce business costs and increase throughput.

- Advertisement -

Chaudhry urged customs authorities and terminal operators to rationalize charges and streamline procedures to further facilitate trade. He emphasized the need to reduce operational bottlenecks and costs to position Pakistani ports as a preferred destination for regional transshipment.

The meeting included senior officials from Maritime Affairs, Minister of State for Finance Bilal Azhar Kayani, representatives from Commerce, Karachi Port Trust, Customs, National Logistics Corporation, terminal operators, and Pakistan Ships’ Agents Association. Topics discussed included port dues competition, container scanning, customs clearance processes, and handling auctionable containers.

Chaudhry directed stakeholders to improve coordination and expedite decision-making on longstanding challenges. Wajid Ali reported that around 1,000 containers had been auctioned, with another 200 still pending.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

Ukraine Lists ‘Stolen’ Russian Grain from Annexed Regions in Call with Israel

Ukrainian Foreign Minister Andrii Sybiha met with Israeli counterpart...

Iran Acquires Chinese Spy Satellite for US Base Targeting

Iran secretly acquired a Chinese spy satellite, providing the...

Cardi B Sues Blogger Tasha K Over NDA Violation With Exes

Cardi B is seeking a court order against blogger...

Kylie Jenner Celebrates Best Coachella with Timothee Chalamet at Music Festival

Kylie Jenner confirmed she is having "the best Coachella"...
-Advertisement-