Pakistan to develop 400-acre industrial estate at Port Qasim

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the development of a 400-acre small industrial estate at Port Qasim, aimed at promoting industrial activity and attracting investment.

Speaking at the Karachi Chamber of Commerce and Industry, the minister said the project will follow an infrastructure-first approach, with roads, utilities and basic facilities to be completed before plots are allocated to investors.

He also said port charges have been reduced by up to 60% to improve competitiveness and attract international shipping lines, alongside expansion of terminal capacity and clearance of long-pending cargo to improve operational efficiency.

The Port Qasim Authority Board has approved a Rs35 billion development budget for the Eastern Zone, where infrastructure work is expected to begin shortly.

To address governance issues, new rules require investors to submit feasibility plans and establish industrial units before transferring ownership, while the sale of undeveloped plots has been restricted to curb speculative activity.

A facilitation committee comprising senior customs officials has been formed to resolve operational issues on an expedited basis, reducing processing times for industry stakeholders.

The minister said Pakistan recently handled record transshipment volumes within 24 days amid regional disruptions affecting shipping routes, reflecting the system’s operational capacity.

He added that plans are underway to introduce Roll-on/Roll-off shipping facilities for vehicle imports, supported by dedicated infrastructure at ports.

Officials also highlighted improvements in port performance and the role of the Pakistan National Shipping Corporation in maintaining fuel supply during recent disruptions.

On land-related issues, the government is considering options for affected allottees in inundated areas, including refunds or allocation of alternative developed plots, subject to submission of industrial plans.

Karachi Port Trust officials said delays in container clearance are linked to late filing of Goods Declarations, while the bunkering segment is expected to expand, with additional vessels planned and potential business growth projected over the next two years.