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Business & Finance

Ferry terminal inaugurated at Karachi Port Trust

  • Move described as a 'gateway to economic opportunities, tourism promotion and regional connectivity'
Published Updated
Ferry terminal inaugurated at KPT, govt invites private sector investment to boost blue economy

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Tuesday inaugurated a ferry terminal at Karachi Port Trust (KPT), describing the initiative as a landmark move to promote regional and coastal tourism while strengthening Pakistan’s blue economy.

Addressing the inauguration ceremony, the minister said the launch of ferry services will help materialise the long-standing vision of introducing modern, safe and sustainable maritime passenger transport in Pakistan, read a statement.

He added that the ferry service, which is expected to commence later this month, aligns with the vision of the Prime Minister to harness the vast potential of the blue economy and diversify maritime-related economic activities.

“This ferry service is not just a transport initiative but a gateway to economic opportunities, tourism promotion and regional connectivity,” Chaudhry said. He noted that this was the first-ever ferry service licence issued in the history of Pakistan, calling it a historic achievement for the maritime sector.

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The minister said the inauguration of the terminal would further strengthen confidence and trust among the business community.

Highlighting the growing interest of investors, Chaudhry shared that more businessmen had shown keen interest in obtaining licences to operate ferry services. He expressed confidence that increased private sector participation would lead to a boom in maritime tourism, opening new avenues for employment, hospitality, transport and allied industries.

The minister urged the business community to come forward with innovative ideas and proposals for doing business with Pakistani ports. “We welcome new concepts and investments, and the ministry will extend full cooperation and facilitation to ensure their success,” he said.

He also announced that Port Qasim Authority would soon unveil plans for a state-of-the-art industrial zone. “The proposed industrial zone,” he said, “would play a vital role in boosting industrial activity, exports and economic growth while complementing port-led development”.

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