PM Shehbaz says modernizing ports can help Pakistan earn billions of dollars

Prime Minister Shehbaz Sharif emphasized 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 issued several directives to enhance 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, aiming to expedite the process and facilitate smoother passage of goods through the ports. He also stressed the importance of keeping the Lyari Expressway open 24/7 to ensure a constant flow of traffic and minimize delays.

Another significant directive was to connect the ports with rail networks, streamlining the transportation of goods to make it faster and more efficient. PM Sharif also proposed aligning the charges for LNG cargo vessels at Port Qasim with international rates, a move expected to attract more business and enhance the port’s global competitiveness.

Regulating shipping lines and optimizing the expenditures of PNSC were also on the Prime Minister’s agenda, aiming to make the shipping process more efficient and cost-effective.

PM Sharif highlighted Pakistan’s strategic geographic location, ideal for regional maritime trade. He mentioned 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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