AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,399 Increased By 104.2 (1.43%)
BR30 24,136 Increased By 282 (1.18%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

KARACHI: Federal Minister for Maritime Affairs Faisal Sabzwari has assured the business community that infrastructure would be developed in the Port Qasim Industrial Zone in order to boost economic activities at the port.

He said so while speaking at a seminar and networking session organized by Bin Qasim Association of Trade and Industry (BQATI) here at a local hotel.

The seminar was well attended by business community, Counsel Generals of Indonesia, Malaysia and Iran, Chairman Port Qasim Authority and others.

Sabzwari also assured the industrialists that affluent treatment plant would be installed at Port Qasim, adding that government is committed to support industry for economic development. He also said that shipping policy would also be amended to make it more business friendly. He said government is striving hard to create job opportunities at country’s ports.

He said solar powered streetlights would also be installed in the premises of Port Qasim Industrial Zone.

Earlier in his presentation, BQATI president Abdul Rasheed Janmuhammad said it has now become imperative to carry out dredging and widening of the main PQA Channel to meet the requirements of terminal operators for deeper draught vessels and to meet the competitive challenges.

To which, the maritime minister responded that Some $2250 million are required for the dredging of the ports channel and government has shortage funds to take up this project.

Rasheed Janmuhammad further said, in view of two LNG terminals are already operating and more in pipeline so it is also imperative to have an alternate channel to accommodate more traffic.

He also sought improvement on availability of electricity, gas, water, sewerage and telecommunication facilities.

Mian Mohammad Ahmed, Patron in chief BQATI also spoke.

Copyright Business Recorder, 2022

Comments

Comments are closed.