Gwadar port set to handle half of govt imports, cabinet approves

News Image

By MG News | Category Economy | September 16, 2024 at 10:44 AM GMT+05:00

0:00

September 16, 2024 (MLN): The Federal Cabinet on Thursday approved a proposal by the Ministry of Maritime Affairs to direct all government departments to route 50% of their imports, such as wheat, sugar, and fertilizer, through the Gwadar Port.

Earlier, the prime minister issued directives to increase the Gwadar port operations to ensure the development and prosperity of the Balochistan province, the Information Ministry reported.

He also directed that 50% of all public sector imports should be ensured through the Gwadar Port.

The cabinet also instructed to increase the volume of exports from Gwadar Port in the future.

To note, Prime Minister Shehbaz Sharif also presided over the meeting of the Federal Cabinet.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 121,641.00
407.56M
-0.13%
-157.87
ALLSHR 75,951.71
854.04M
-0.10%
-76.82
KSE30 36,827.89
67.82M
-0.42%
-156.03
KMI30 181,199.42
117.76M
-0.38%
-696.40
KMIALLSHR 52,088.08
592.55M
-0.27%
-143.41
BKTi 29,808.04
22.21M
-0.83%
-249.97
OGTi 27,075.99
4.68M
-0.75%
-203.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 104,055.00 104,115.00
101,390.00
1840.00
1.80%
BRENT CRUDE 65.15 65.31
64.80
-0.19
-0.29%
RICHARDS BAY COAL MONTHLY 90.00 0.00
0.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 100.65 0.00
0.00
0.10
0.10%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 63.12 63.34
62.82
-0.25
-0.39%
SUGAR #11 WORLD 16.52 16.59
16.47
-0.05
-0.30%

Chart of the Day


Latest News
June 05, 2025 at 10:09 PM GMT+05:00

Trump, Xi speak on trade, agree to ongoing talks


June 05, 2025 at 09:29 PM GMT+05:00

SBP revises regulations to support SMEs



Top 5 things to watch in this week

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