‘Maritime economy to play vital role for decreasing anxiety in economy’

Economic and financial analyst Ateeq Ur Rehman said Pakistan’s maritime economy, estimated at about USD 150 billion, could help address pressure on the national economy. Business Recorder reported that he called for stronger private-sector investment in ports, shipping, logistics and supply-chain systems, alongside greater participation by local and foreign investors.

Rehman said port upgrades, including improved handling capacity, dredging, berths, storage, skills and equipment, were under way, but called for further investment and coordination between policymakers and industry. He also proposed developing transhipment activity, including dedicated facilities and a target of at least 1/2 million TUs annually, while noting that rising shipping costs are adding to exporters’ and importers’ expenses. He said the national flag carrier should acquire container or feeder vessels to support transhipments.