Federal Minister for Maritime Affairs Muhammad Junaid Anwar has announced that the proposed 5 percent increase in tariffs at Karachi Port will not be implemented during the 2026-27 fiscal year, providing significant relief to importers and exporters.
The decision is expected to save the business community more than Rs500 million and is aimed at supporting trade and economic activity across the country.
Government Freezes Proposed Tariff Hike
According to details, the Ministry of Maritime Affairs has decided to freeze the planned increase in Karachi Port Trust (KPT) tariffs for the upcoming financial year.
Maritime Affairs Minister Muhammad Junaid Anwar said the measure was intended to ease the financial burden on traders and industrialists while encouraging greater economic activity.
He noted that the decision aligns with Prime Minister Shehbaz Sharif’s Blue Economy vision, which focuses on strengthening Pakistan’s maritime sector and facilitating businesses.
Relief for Importers and Exporters
The minister said the tariff freeze would provide relief exceeding Rs500 million to importers and exporters.
He explained that maintaining existing tariff levels would help reduce operational costs and improve the ease of doing business.
According to Junaid Anwar, lower port-related expenses could support industries dependent on imports and exports and contribute to enhancing Pakistan’s competitiveness in international markets.
Move Aimed at Boosting Trade
The minister said the government’s objective was to promote exports, expand trade and stimulate economic growth through practical measures.
He added that freezing Karachi Port Trust tariffs would help maintain stability in port charges and encourage increased trade activity.
“Reducing operational costs for traders and industrialists is essential for creating a more conducive business environment,” he said.
Government Reaffirms Pro-Business Policies
Junaid Anwar reiterated the government’s commitment to supporting the business community through further incentives and facilitation measures.
He said authorities were continuing efforts to introduce policies that would encourage sustainable economic growth and strengthen Pakistan’s maritime and logistics sectors.
The minister added that the government remained focused on implementing business-friendly initiatives aimed at enhancing trade and attracting investment.