Prior to the pandemic, Pakistan’s ports handled a total trade volume of approximately 110.69 million tons during 2019. In 2020, with COVID-19 slowing the global economy, the volume dropped to 92.85 million tons, thus a difference of about 17.84 million tons or about 16.12% on the volume of 2019. Almost the entirety of the aforementioned volumes were handled by Karachi Port and Port Qasim, both situated at Karachi. Both these …
Read More »Port benefits are increasingly distributed across different players and concern a geography that transcends the local community. This trend skews the assessment of the benefits of port investments, where the local impacts can be much less significant than the regional or national. Ports are considered as funnels to economic development since they act as a catalyst and incite development to take place in specific economic sectors and locations at …
Read More »Ports are considered universally gateway of the country and Pakistan is blessed due to its strategic position, for transit to Afghanistan and Central Asian land locked countries. The Merchant Marine plays a vital role in the economic and industrial development of a country. The founder of Pakistan realising the need of ship’s for newly created Pakistan pursued with Muslim and Parsi entrepreneurs to acquire ship’s under Pak flag firstly …
Read More »Prime Minister Nawaz Sharif, as per top news item in Business Recorder of 20th December, 2016, has directed the inclusion of KCR and Keti Bandar, part of CPEC KCR had been and still a most viable project as per study of JICA, to cater the needs of Karachi Suburbs. It was well utilized before its closure, so, it may be gift to Karachiites, a city of 25 million people, …
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