Business

Karachi port cuts charges by 50% to ensure growth

Published by
Staff Reporter

KARACHI: Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, has introduced a fifty percent cut in port charges at Karachi Port to minimize the carbon footprint of trade logistics and ensure sustainable growth.

Addressing a statement, the Minister stated that the move is part of a larger plan to decarbonize the maritime sector and enhance energy efficiency in port operations.

The Minister pointed out that these reforms are part of national policy to advance port infrastructure modernization, increase sustainability, and shift towards smart maritime operations.

He also reiterated his resolve to align the maritime industry with international environmental standards.

Earlier in a different development, the Sindh government decided to construct an expressway from Karachi Port terminal to Jam Sadiq Bridge here.

The project was approved in a meeting of the Public Private Partnership (PPP) Board, held under the chairmanship of Chief Minister Murad Ali Shah.

“The 12.5-kilometer part of the road will be above the ground and the rest below it,” the chief minister said. “Expressway from KPT terminal will link with Malir Expressway at Jam Sadiq bridge.”.

The CM instructed the Sindh Department of Local Government to prepare the project with the PPP unit. “The government will construct the road on a PPP model from its resources,” the chief minister stated.

Staff Reporter

Recent Posts

ICC Arbitration Puts Pakistan’s Energy Sector Under Pressure

ISLAMABAD: Pakistan's energy sector is headed for another high-stakes international commercial arbitration, with Petrosin CNG…

5 minutes ago

5-Year employees asked to submit documents

PESHAWAR: Documents have been sought from employees who have completed 5 years of service for…

37 minutes ago

Hot, Humid weather to continue, Rain expected

ISLAMABAD: The Meteorological Department has predicted rain with thundershowers in various cities. According to the…

50 minutes ago

Suzuki Cultus new prices revealed in Pakistan

ISLAMABAD: Pak Suzuki’s latest financing policy has released the prices of all Cultus variants, total…

1 hour ago

Farrukh Khokhar arrested after court hands down life sentence in Majid Satti murder case

RAWALPINDI: Farrukh Khokhar was arrested inside the courtroom on Monday after a Rawalpindi court sentenced…

2 hours ago

Cabinet reshuffle preparations underway

ISLAMABAD: Preparations for reshuffle in the federal cabinet have been intensified, and the possibility of…

3 hours ago