According to details, Port Qasim Authority has reduced port charges by 50% to increase exports. Sources said that a 50% reduction in VAT and dry port charges would lead to a reduction in port revenue of Rs.24 crore.
It may be recalled that Port Qasim had released a profit of Rs 18 billion after-tax was charged last year.
In this regard, a meeting of the Cabinet Committee on Transport and Logistics was held in Islamabad under the chairmanship of Federal Minister for Maritime Affairs Ali Zaidi.
The meeting also sought suggestions from Karachi Port Trust (KPT) for the reduction in port charges.
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