Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has launched a major initiative to overhaul Pakistan’s national shipping fleet, aiming to reduce dependence on foreign vessels, cut freight costs, and align maritime operations with climate goals.
The initiative includes a 600% increase in shipping capacity over the next three years, with a strong focus on introducing energy-efficient, low-emission vessels. The goal is to modernise maritime infrastructure, conserve foreign exchange, and enhance compliance with international environmental standards.
To support this effort, the Karachi Port Trust (KPT) and Port Qasim Authority (PQA) have signed financial cooperation agreements with the Pakistan National Shipping Corporation (PNSC). KPT’s Transition Management Committee member A. Abdullah Zaki and PQA Chairman Rear Admiral (R) Syed Moazzam Ilyas HI(M) signed the agreements with PNSC CEO Syed Jarar Haider Kazmi.
The accords were finalised shortly after a high-level policy meeting chaired by Minister Chaudhry, where maritime stakeholders agreed to align fleet expansion with the national climate agenda under the prime minister’s directive.
Minister Chaudhry said the modernisation drive is a key part of the government’s broader strategy to transform Pakistan into a regional maritime hub while boosting operational efficiency across institutions. He also reaffirmed the government’s commitment to transparency and merit-based reforms.
Officials from KPT and PQA highlighted that the upgraded fleet will reduce the environmental footprint of cargo transport, cut fuel costs, and strengthen trade connectivity.
This initiative not only supports Pakistan’s long-term economic goals but also aligns with global efforts to decarbonise the shipping industry, one of the top contributors to greenhouse gas emissions worldwide.
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