Experts urge reforms in ports and shipping policies

Experts in Pakistan's blue economy believe that revitalising the maritime sector and adopting business-friendly policies could be a game-changer for the nation's economy. With 70% of global trade managed by ships, Pakistan's three major ports have the potential to transform the country's economic fate—provided that mismanagement, poor governance, and high port dues are addressed. Muhammad Najib Balagamwala, Chairman of Seatrade Group of Companies, highlighted how irrational and steep increases in port and shipping costs have severely impacted the country's blue economy, affecting industries across the board, from the shipping sector to importers and exporters. These rising costs are contributing to higher expenses for all business sectors, yet complaints from business leaders and their respective chambers and associations often go ignored.