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UBG demands govt declare 'emergency for economic reforms' - Business & Finance

KARACHI: The UBG leadership, Zubair Tufail, Former President, Federation of Pakistan Chambers of Commerce &.

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'Karachi Port can become transshipment hub'

‘Karachi Port can become transshipment hub’ Goal can be achieved via port charges rationalisation, infrastructure development KARACHI: By rationalising port charges and developing infrastructure, Karachi Port can become a transshipment hub - a port that connects two destinations that otherwise could not be connected directly - for Central Asian countries. “During Covid-19, activity at our ports slowed down that has given us a chance to reconsider the long-held programme about making Karachi Port a transshipment hub,” said United Business Group (UBG) Standing Committee on Maritime Affairs, Communications and Gwadar Development Chairman Tariq Haleem while talking to The Express Tribune. “There are 12 Central Asian Republicans (CARs) that in total have imports and exports worth $450 billion and they do not have a port - a huge opportunity for Pakistan,” he stressed.

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KPT asked to widen backup area at port

KPT asked to widen backup area at port Industry says it will result in quick offloading, loading of cargo KARACHI: Businessmen from the shipping industry have called on the Karachi Port Trust (KPT) to widen the backup area at Karachi Port for quick offloading and loading of cargo. In a statement on Thursday, Pakistan Stevedores Conference President Tariq Haleem said that free movement of transport was essential for quick discharging and loading of cargo and for the purpose, the backup space at berths was an extremely important element. According to him, one of the reasons behind low performance on the stevedoring front was the lack of space at Karachi Port.

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