• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Friday, December 5, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Pakistan’s Port Qasim to undergo major overhaul to drive half of $100bn revenue target

November 3, 2025
in Business & Finance
Pakistan’s Port Qasim to undergo major overhaul to drive half of $100bn revenue target
Share on FacebookShare on TwitterWhatsapp

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Monday said that Port Qasim will undergo major modernisation to help generate at least half of Pakistan’s $100 billion revenue target, highlighting its expanding role as a key industrial and trade hub.

Speaking as chief guest at a ceremony marking Port Qasim’s recognition as the world’s ninth most improved container port globally, the minister said the milestone reflected the success of ongoing modernisation and management reforms, read a statement.

“Port Qasim improved its performance score by 35.2 points, demonstrating significant progress in reducing cargo dwell time, streamlining berth operations, and adopting digital management tools,” he said.

Chaudhry said the government aims to transform Port Qasim into a regional trade and industrial gateway capable of driving economic growth through infrastructure expansion, industrialisation, and green maritime initiatives. The port, he added, has the potential to deliver a large share of the national revenue target owing to its industrial complex and strategic location along key shipping routes.

The minister also highlighted the government’s $13 billion savings plan for the country in the next decade through the establishment of the country’s first “Sea-to-Steel Green Maritime Industrial Corridor, designed to revive Pakistan Steel Mills.

The initiative, he said, will integrate port operations with industrial activity, creating a continuous value chain from maritime logistics to steel manufacturing.

In the second phase of the project, Chaudhry said the Iron Ore and Coal Berth (IOCB) terminal to oversee its revival.

He said an Integrated Maritime Industrial Complex (IMIC) will be established there, linking ship recycling facilities with steel production to enhance domestic output and generate employment. “The ‘Steel-to-Green Sea’ project will be jointly implemented by the Ministry of Maritime Affairs and the Ministry of Industries to ensure sustainable industrial development,” he added.

The minister said the Port Qasim Authority (PQA) is also driving multiple projects aimed at expanding capacity and improving efficiency. He cited the development of new multipurpose and container terminals, the Port Qasim Special Economic Zone (PQSEZ), and the integration of environment-friendly “Green Port” technologies.

Chaudhry said the PQSEZ will serve as a modern industrial and logistics hub attracting both local and foreign investment. He added that enhanced connectivity through upgraded road, rail, and communication networks will reduce logistics costs and strengthen national trade competitiveness. Energy and industrial projects, including LNG terminals and power plants within the port area, are also contributing to Pakistan’s energy security and industrial growth.

Reaffirming the government’s commitment to maritime-led development, Junaid Chaudhry said modernization of port infrastructure, expansion of trade corridors, and creation of specialized industrial zones were central to achieving long-term economic stability.

“The vision is to make Port Qasim not just a cargo handling facility, but a comprehensive maritime-industrial ecosystem powering Pakistan’s future growth,” he said.

Share15Tweet10Send
Previous Post

Big Tech’s huge AI spend creates ‘a little bit of a prisoner’s dilemma’ that hits everyone, says a hedge fund exec

Next Post

Gold price per tola gain Rs1300 in Pakistan

Related Posts

Pakistan’s growing economy: Kyrgyz investors urged to tap opportunities
Business & Finance

Pakistan’s growing economy: Kyrgyz investors urged to tap opportunities

December 5, 2025
Crucial NFC session finally kicks off after months of delay
Business & Finance

NFC session: centre, provinces agree to form technical sub-groups

December 4, 2025
British American Tobacco plans to offload stake in India’s ITC Hotels
Business & Finance

British American Tobacco plans to offload stake in India’s ITC Hotels

December 5, 2025
Pakistan curbed sale of toxic paints by more than half in 3 years: study
Business & Finance

Pakistan curbed sale of toxic paints by more than half in 3 years: study

December 4, 2025
Master Chery opens priority pre-bookings for Pakistan’s largest super PHEV lineup
Business & Finance

Master Chery opens priority pre-bookings for Pakistan’s largest super PHEV lineup

December 5, 2025
Govt moves to tighten rules on used car imports, vows protection for local auto industry
Business & Finance

Govt moves to tighten rules on used car imports, vows protection for local auto industry

December 4, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    47 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.