In a major move aimed at reviving trade and reducing the cost of doing business, the Government of Pakistan has announced a 50% reduction in port charges at Karachi Port, one of the country’s most important maritime hubs. The announcement is seen as a positive step for exporters, importers, and the overall logistics sector.
Karachi Port Authority to Implement 50% Discount on Cargo Handling Fees
The Karachi Port Trust will enforce the new policy to boost competitiveness, increase cargo traffic, and attract more international shipping lines to dock at the port. Authorities confirmed that the reduced charges apply to a wide range of port services including terminal handling, anchorage, and documentation fees.
By lowering these costs, the government hopes to make Karachi Port more attractive compared to other regional ports, such as those in the UAE and India, which have gained shipping business in recent years.
Government Move to Support Businesses and Export Sector in Pakistan
The Ministry of Maritime Affairs said that the 50% cut in port fees is part of a larger strategy to support local businesses, especially exporters who are struggling with high logistics costs and economic pressure.
The government has been under growing pressure to help revive industrial production and boost trade performance, especially after a difficult year of inflation, currency fluctuations, and external debt challenges.
Many in the business community welcomed the announcement, calling it a timely relief that will help lower the cost of exports and imports, making Pakistan’s products more competitive in global markets.
Reduced Port Charges Could Attract More International Shipping Lines
Shipping experts believe that lower port fees will encourage foreign shipping companies to use Karachi as a preferred docking station, potentially increasing maritime traffic.
This could not only increase port revenues in the long term but also create more jobs in the transport and logistics sector. Faster clearance, secure handling of goods, and reliable support services are also key to attracting long-term business.
This reduction in port charges is part of the government’s broader economic recovery plan. By cutting costs and improving ease of doing business, the aim is to restore investor confidence and strengthen Pakistan’s regional trade position, especially through routes like the China-Pakistan Economic Corridor .
