Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has unveiled a package of fiscal incentives aimed at attracting foreign-flagged transshipment vessels to Karachi Port in a bid to strengthen its position as a regional maritime hub.<\/p>\n
Junaid Anwar Chaudhry announced the measures while chairing a high-level meeting, describing them as part of a broader strategy to boost shipping activity and reward environmentally sustainable practices.<\/p>\n
\u201cThe new incentive structure provides significant relief in port dues and berthing charges based on performance, effective from March 18, 2026,\u201d Junaid Chaudhry said.<\/p>\n
Under the revised framework, vessels carrying dry bulk export cargo will receive a 60% concession on port dues, wharfage and storage charges under the Karachi Port Trust (KPT) tariff.<\/p>\n
The minister said incentives linked to the number of monthly ship calls had been significantly enhanced compared to previous policies, while the minimum transshipment cargo requirement had been reduced from 10% to 7.5%.<\/p>\n
\u201cThis step is expected to encourage more carriers to utilise Karachi Port,\u201d he said, adding that the base discount has been increased from 5% to 20%, with further incentives rising from 2% to 5% for every additional 5% increase in transshipment volumes.<\/p>\n
According to the new policy, vessels carrying transshipment cargo equivalent to 50% of their gross registered tonnage (GRT) will be eligible for a flat 60% discount on port dues. The rate has been set at $1.18 per GRT.<\/p>\n
In addition, large container ships with at least 25% transshipment cargo will be eligible for up to a 50% discount on applicable wet charges. Ships using environmentally friendly fuels will receive an extra 5% reduction in berthing charges.<\/p>\n
Junaid Chaudhry said the initiative reflects the government\u2019s proactive approach to maritime trade and aims to position Karachi as a cost-effective and efficient gateway for global shipping.
\n\u201cBy incentivising both operational scale and environmental responsibility, KPT is driving the modernisation of Pakistan\u2019s blue economy,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has unveiled a package of fiscal incentives aimed at attracting foreign-flagged transshipment vessels to Karachi Port in a bid to strengthen its position as a regional maritime hub. Junaid Anwar Chaudhry announced the measures while chairing a high-level meeting, describing them as part of a broader […]<\/p>\n","protected":false},"author":5,"featured_media":67615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131,30],"tags":[],"ppma_author":[213],"class_list":{"0":"post-72916","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-latest"},"yoast_head":"\n