Minister announces new shipping policy

News Desk

The government has announced a new shipping policy, under which incentives have been provided to private shipping companies. The announcement has been made by the Federal Minister for Maritime Affairs Ali Zaidi.

According to media reports, Ali Zaidi was addressing a news conference along with Advisor on Commerce Abdul Razzak Dawood in Islamabad on Friday.

The Minister for Maritime Affairs has said that the government wants to involve the private sector in the shipping business. He said the vessel registered in Pakistan will be exempted from customs duty, income tax, and sales tax till 2030.

The Federal Minister hoped that three to four shipping companies will soon buy vessels in the country.

“Pakistani flag carrier vessel will also have first berthing right at the port,” he added.

Ali Zaid said the new sipping policy will also facilitate fishermen.