Big News for Exporters: Port Qasim Authority decides to reduce wet & dry port charges for exporters by 50%

ISLAMABAD: A meeting of the Cabinet Committee on Transportation and Logistics (CCoTL) was held under the Chairmanship of the Federal Minister for Maritime Affairs Ali Zaidi here in Islamabad.

In the meeting, it was decided that Port Qasim Authority would reduce wet and dry Port Charges by 50% in order to facilitate exporters and enhance the quantum of exports.

The KPT was also asked to examine the possibility of reduction of Port Charges as done by the PQA and put up a proposal before the CCoTL through the Ministry of Maritime Affairs for consideration.

The CCoTL further decided that PQA should seek a legal opinion regarding exclusivity rights of coal handling by the PIBT and communicate to the Ministry of Maritime Affairs positively within one week for submission before the CCoTL.

Secretary, Ministry of Maritime Affairs was directed to convey the decision of CCoTL to the PQA immediately.

A unanimous decision was taken to form a committee comprising the Minister for Railways as convenor and SAPM on CPEC to conduct an inquiry of granting exclusivity right of coal handling to PIBT. The Committee will look into the transparency and legality of such contract and submit a report to the CCoTL within two weeks. The committee may also co-opt any other member if required.

Directions were also issued to KPT to seek legal opinion on the Supreme Court Judgement relating to the stoppage of Coal handling. KPT was directed to explore the possibility to develop coal handling facilities on international standards.

Aviation Division was asked to urgently conduct a comparative study of air freight charges against sea freight and submit it before the CcoTL for consideration.

The CCoTL unanimously directed Petroleum Division to place the matter of Deemed Duty before the CCoE in its next meeting with the yearly breakup of duty collected by each refinery and its utilization since its inception.
CCoTL unanimously recommended that the Petroleum Division must carry out an audit of the Deemed Duty collected by Petroleum Refineries for their upgradation and utilization.

The meeting was attended by Minister for Railways, Minister for Aviation, Advisor to PM on Commerce, SAPM on CPEC.

Representatives of regulatory authorities and senior officials of Ministries/Divisions also participated in the meeting.

Leave a Reply

Your email address will not be published.

Back to top button