Pakistan cuts Karachi port charges by 50%

News Image

MG News | July 21, 2025 at 10:02 AM GMT+05:00

0:00

July 21, 2025 (MLN): In a major move to promote climate-resilient trade and enhance port efficiency, the Federal Government has declared a 50% reduction in port charges at Karachi Port.

The initiative aims to lower operational costs, reduce the carbon footprint of maritime logistics, and position Pakistan’s ports for a sustainable, future-ready shipping economy.

The statement was made by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry as part of a broader strategy to modernize the country’s maritime sector and align with international environmental standards.

The reduced charges apply to key areas such as port handling, vessel services, and storage. Additionally, a planned five percent annual hike in port fees has been scrapped.

“By lowering costs and streamlining port logistics, we are boosting trade competitiveness while contributing to climate resilience,” said the Minister in a press release.

“This is not just a financial reform it’s a strategic shift toward low-emission, smart maritime practices.”

Officials say the new policy is expected to directly benefit exporters of dry bulk goods by easing port congestion and reducing vessel turnaround times.

These efficiency gains, they noted, will help cut fuel consumption and support greener supply chains.

Karachi Port, one of the country’s busiest deep-water seaports, handles a significant portion of Pakistan’s trade volume.

The reforms are part of ongoing efforts to transform the port into a regional hub for environmentally responsible maritime activity.

The Ministry has constituted a high-level committee aimed at reducing container dwell times by up to 70%, a move expected to significantly enhance cargo flow and terminal efficiency.

In parallel, advanced technologies including artificial intelligence and drone-based monitoring are being deployed to modernize port management and improve operational oversight.

Chaudhry reaffirmed his commitment to aligning Pakistan’s maritime operations with global best practices, stating that “modern, green ports are essential to the future of sustainable trade and national economic growth.”

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 138,217.58
221.76M
-0.27%
-379.78
ALLSHR 85,223.89
604.74M
-0.07%
-62.26
KSE30 42,154.95
45.94M
-0.44%
-185.86
KMI30 193,082.00
44.32M
-0.24%
-472.51
KMIALLSHR 55,954.08
354.16M
0.01%
8.03
BKTi 38,123.26
15.52M
-0.20%
-74.70
OGTi 27,333.17
5.69M
-0.45%
-124.18
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,855.00 119,850.00
116,635.00
1290.00
1.10%
BRENT CRUDE 68.70 69.63
68.63
-0.58
-0.84%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.53 66.44
65.42
-0.52
-0.79%
SUGAR #11 WORLD 16.49 16.86
16.45
-0.33
-1.96%

Chart of the Day


Latest News
July 21, 2025 at 05:53 PM GMT+05:00

Overseas investors repatriate over $2bn in FY25


July 21, 2025 at 05:43 PM GMT+05:00

Pakistan-Vietnam trade set to cross $1bn mark


July 21, 2025 at 04:48 PM GMT+05:00

PKR loses 9 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg