Leading terminal operators in Pakistan have urged the government to bring taxation into a single-digit regime to improve the investment climate and support growth in the maritime sector.
The demand was raised during a meeting with Muhammad Junaid Anwar Chaudhry, according to a press release issued on Friday.
Terminal Operators Call for Tax Rationalisation
The minister met a six-member delegation of terminal operators led by Eqan Ali Khan at his office.
During the meeting, the delegation requested the government to rationalise taxes into a single-digit regime and declare port services an industry similar to the telecommunications sector.
According to the operators, such measures would help create a more favourable regulatory and investment environment for maritime businesses in Pakistan.
Government Assures Support for Maritime Sector
Junaid Chaudhry assured the delegation that the government would take all possible steps to ensure the sustainability and long-term growth of terminal operators and port-related businesses.
The minister acknowledged the importance of policy consistency and investor confidence in strengthening Pakistan’s maritime sector.
He also reaffirmed the government’s commitment to resolving structural issues and improving ease of doing business at ports.
Energy City Project Proposed
Looking ahead, the minister revealed plans for an “Energy City” project that would include bonded storage facilities for multiple forms of energy.
According to the minister, different locations would be evaluated based on feasibility and suitability for energy storage and supporting infrastructure.
He invited terminal operators to form a consortium and invest in the proposed Energy City initiative.
The minister also encouraged private stakeholders to contribute towards establishing a multipurpose terminal at Port Qasim.
KPT Clearance Drive to Improve Port Efficiency
Junaid Chaudhry highlighted the recent removal of decades-old containers and pallets from Karachi Port Trust premises to reduce congestion and improve operational efficiency.
According to the minister, some of the cleared containers had remained at the port for nearly 50 years.
He described the cleanup operation as part of broader reforms aimed at streamlining cargo handling and improving port performance.
Maritime Sector Coordination to Continue
The meeting concluded with both sides agreeing to maintain close coordination between the government and private stakeholders to unlock the maritime sector’s full potential.
The participants also discussed accelerating blue economy initiatives and encouraging further investment in port infrastructure and logistics.