https://arab.news/p3hva
- Pakistan is currently making efforts to capitalize on its geostrategic location to boost trade and investment alongside tourism
- The country plans to cut container dwell time at its seaports by up to 70 percent to improve trade competitiveness, ease congestion
ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar has called for modernizing the country’s port infrastructure and streamlining the processes to bolster Pakistan’s competitiveness in regional and global trade, state media reported on Tuesday.
Dar said this at a meeting he presided over in Islamabad to review operations at Pakistani ports and proposals to enhance efficiency, reduce turnaround times and ensure smooth cargo handling.
Pakistan is currently making efforts to capitalize on its geostrategic location to boost trade and investment alongside tourism as it slowly recovers from a macroeconomic crisis under a $7 billion International Monetary Fund (IMF) program.
“The meeting covered measures to address port congestion, strengthen trade facilitation, and improve logistics systems to support imports, exports and overall economic activity,” the Radio Pakistan broadcaster reported.
Officials say the South Asian country plans to cut container dwell time at its seaports by up to 70 percent to improve trade competitiveness and ease congestion. Islamabad last month reduced port charges for exporters by 50 percent at the second largest Port Qasim.
Earlier this month, Pakistan granted its first-ever ferry service license to an international operator, Sea Keepers, for routes connecting Pakistan with Iran and Gulf Cooperation Council (GCC) countries, the Pakistani maritime affairs ministry said on Monday.
Maritime Affairs Minister Junaid Anwar Chaudhry hailed the move as a “historic step,” aligned with Pakistan’s National Maritime Policy, and emphasized the opportunity this license creates for boosting regional connectivity, religious tourism and economic activity via sea routes.
“Initial operations will commence from the ports of Karachi and Gwadar using modern ferry vessels equipped with essential amenities to ensure safe, affordable travel,” Chaudhry was quoted as saying by his ministry.
It did not specify a date for the start of operations.