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Shipping policy to lift Maritime Sector in Pakistan to new heights: Zaidi

Shipping policy announced by the Ministry of Maritime Affairs will lift Maritime Sector in Pakistan to new heights never witnessed before, said Federal Minister for Maritime Affairs Ali Haider Zaidi on Friday.

“Shipping companies can now take advantage of liberal fiscal concessions & low mark up rates offered by SBP under LTFF to acquire ships flying Pakistan flag,” he added in a tweet post while sharing snapshots of documents pertaining to the policy.

“This business friendly policy will reduce the annual freight bill of over $5 billion on Pakistan. It will also generate employment opportunities for our seafarers/allied sectors. This was only possible due to the vision of PM Imran Khan who declared 2020 as year of Blue Economy,” he added.

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