Pakistan, July 20 -- Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry announced a major 50% reduction in port charges at Karachi Port, aiming to reduce the carbon footprint of trade logistics and foster sustainable growth.

In a statement on Saturday, the minister announced the initiative as part of a broader strategy to decarbonize the maritime sector and improve energy efficiency in port operations. "By lowering operational costs and streamlining logistics, we are not only boosting trade competitiveness but also contributing to climate resilience," Junaid Chaudhry stated.

The newly introduced reforms include a 50% cut in port handling, vessel, and storage charges, while scrapping the previously planned annual 5% hi...