The Karachi Port Trust (KPT) has announced a 50% reduction in port charges for all dry bulk export cargo to boost Pakistan’s export sector and support the business community.
According to an official statement, storage charges for dry bulk exports have also been cut by 50% with immediate effect, providing substantial financial relief to exporters using KPT facilities.
In addition, the annual 5% increase in port charges -- previously scheduled for implementation -- has been postponed, marking yet another pro-business initiative by the port authorities.
Federal Minister for Maritime Affairs Junaid Anwar Chaudhry hailed the decision as part of “historic reforms” in Pakistan’s maritime sector.
Speaking on the development, he said, “We are committed to providing top-tier facilities to the commercial and export community. This reduction in charges is a major relief for traders and exporters alike.”
He said facilities are being provided to traders in accordance with the prime minister’s vision.
He further added that wharfage charges have also been slashed by 50%, enhancing cost-efficiency for businesses involved in maritime trade.
