AGL40.01▼ -0.02 (0.00%)AIRLINK128.1▲ 0.4 (0.00%)BOP6.65▲ 0.04 (0.01%)CNERGY4.55▼ -0.05 (-0.01%)DCL8.79▲ 0 (0.00%)DFML41.7▲ 0.12 (0.00%)DGKC86▲ 0.21 (0.00%)FCCL32.7▲ 0.21 (0.01%)FFBL64.2▲ 0.17 (0.00%)FFL11.15▲ 0.6 (0.06%)HUBC110.8▲ 0.03 (0.00%)HUMNL14.99▼ -0.08 (-0.01%)KEL4.9▲ 0.02 (0.00%)KOSM7.45▲ 0 (0.00%)MLCF40.68▲ 0.16 (0.00%)NBP61.65▲ 0.6 (0.01%)OGDC194.78▼ -0.09 (0.00%)PAEL27.51▲ 0 (0.00%)PIBTL7.79▼ -0.02 (0.00%)PPL153.1▲ 0.57 (0.00%)PRL26.83▲ 0.25 (0.01%)PTC16.2▼ -0.06 (0.00%)SEARL83.82▼ -0.32 (0.00%)TELE8.04▲ 0.08 (0.01%)TOMCL36.89▲ 0.29 (0.01%)TPLP8.76▲ 0.1 (0.01%)TREET17.4▼ -0.26 (-0.01%)TRG58.42▼ -0.2 (0.00%)UNITY26.84▼ -0.02 (0.00%)WTL1.37▼ -0.01 (-0.01%)

Modernise ports

Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]

 

PORTS are vital not only as gateways for global trade but also as significant revenue generators for countries with modernized maritime infrastructures. The UAE, for instance, has transformed its ports into a booming economic engine that contributes billions of dollars annually to the national economy.

In contrast, Pakistan, despite its geostrategic advantages, has yet to fully tap into the immense potential of its ports. Karachi Port Trust (KPT) and Port Qasim Authority (PQA) are currently grappling with outdated infrastructure, inefficiencies and environmental challenges. There is a need for an overhaul of the ports. Key upgrades, such as expanding berth capacities, investing in modern handling equipment and addressing environmental issues, are essential steps to improving port productivity and positioning our maritime sector as a competitive player on the global stage. A key obstacle to improve port performance is the prevalence of corruption and inefficiency within the port governance structure. The maritime industry, as it operates today, is rife with unethical practices, including illicit payments and kickbacks which increase operational costs and undermine port productivity. Reforming the governance is a critical step. Greater transparency and accountability in port management can reduce costs for exporters and importers and make our ports more attractive to international shipping lines. In addition, our future maritime success is closely tied to the successful operationalization of Gwadar. It is of enormous strategic value, not just for Pakistan, but for the entire region. Our ports are the natural link between Central Asia and the rest of the world. Strengthening bilateral ties with these states and positioning Pakistan’s ports as the preferred route for their trade could create a new economic corridor that would benefit both Pakistan and its landlocked neighbours. The time to act is now. With the right kind of interventions, our ports could become powerful economic engines for the nation.

 

Related Posts

© 2024 All rights reserved | Pakistan Observer