During a meeting with the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) on Tuesday, Maritime Affairs Minister Qaisar Ahmed Sheikh announced that the government would reduce wharfage charges by 50% for exporters at Karachi Port and Port Qasim.
This decision comes in response to concerns raised by the business community regarding the substantial increase in cargo handling charges, particularly by Karachi Gateway Terminal Limited, which acquired ten berths at Karachi Port last year.
Minister Sheikh assured that measures would be taken to regulate terminal charges and prevent unauthorized hikes. He also expressed confidence in the coalition government’s ability to steer the economy towards recovery and outlined plans to enhance the country’s port infrastructure.
Additionally, Senior Vice President FPCCI Saqib Fayyaz Magoon proposed the construction of an elevated track within the port area to alleviate congestion caused by heavy imports and emphasized the need for a comprehensive shipping policy developed in consultation with stakeholders. For the latest Real Estate News , visit Realtorspk blogs.
