Saturday, July 13, 2024

Modernisation of Ports can Help Pakistan Earn Billions of Dollars, PM Shehbaz

Prime Minister Shehbaz Sharif highlighted the potential for Pakistan to earn billions of dollars by modernizing its ports during his visit to Karachi.

In a meeting with federal and provincial officials, including ministers and port authorities, PM Sharif laid out several directives to improve the efficiency and connectivity of Karachi Port Trust (KPT), Port Qasim, and Pakistan National Shipping Corporation (PNSC).

One of his key directives was to reduce customs clearance times by using modern machinery. This step is aimed at speeding up the process and making it easier for goods to pass through the ports. He also emphasized the importance of keeping the Lyari Expressway open 24/7 to ensure a constant flow of traffic and reduce delays.

Another significant directive was to connect the ports with rail networks. By doing this, the transportation of goods can be streamlined, making it faster and more efficient.

PM Sharif also suggested aligning the charges for LNG cargo vessels at Port Qasim with international rates. This move is expected to attract more business and make the port more competitive on a global scale.

Regulating shipping lines and optimizing the expenditures of PNSC were also on the Prime Minister’s agenda. These steps are aimed at making the shipping process more efficient and cost-effective.

PM Sharif highlighted Pakistan’s strategic geographic location, which is ideal for regional maritime trade. He mentioned his discussions with Central Asian leaders about using Pakistani ports for their trade routes, which could open up new economic opportunities for the country.

The Prime Minister reiterated the government’s commitment to supporting exporters and promoting economic growth through improved port capabilities and industrial development. He believes that with these improvements, Pakistan can significantly boost its earnings and strengthen its position in regional trade.

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