Prime Minister Shahbaz Sharif approved a complete reform plan for the complete recovery of the Pakistani maritime sector, under which maritime Pakistan and Sea Port Authority (PMSPA) has been created.
To ensure effective implementation of the reform plan, a high -level committee has been trained, led by the Minister of Defense.
The committee will include senior officials from various departments and will meet every 15 days to follow the progress of approved measures.
The main components of the reform plan include the restructuring of the National Shipping Corporation Pakistan (PNSC), the update of the National Port Porte Plan and the standardization of prices through the country’s ports.
The emphasis will also have a particular emphasis on the digitization of ports and the development of new terminals in various ports. In addition, the plan addresses water -based agriculture and other related sectors.
Experts point out that Pakistan is under an annual loss of 500 billion rupees in the maritime sector. This loss is attributed to the underuse of port capacities, tax evasion and fraudulent invoicing. The abusive use of the Afghan public transport trade system also contributes to billions of losses.
According to experts, tax evasion in the maritime sector leads to an annual loss of Rs 112 billion.
Economic analysts have described the reform plan as a timely and crucial step, stressing that its successful implementation and the digital transformation of ports will considerably improve the country’s economy.
