Prime Minister Shahbaz Sharif has approved a comprehensive reform plan aimed at the full revival of Pakistan’s maritime sector, during which Pakistan Maritime and Sea Port Authority (PMSPA) have been established.

In order to ensure effective implementation of the Reform Plan, a high -level committee has been formed, led by the Minister of Defense.

The Committee will include senior officials from different departments and meet every 15 days to monitor the progress of the approved measures.

The most important components of the Reform Plan include the restructuring of Pakistan National Shipping Corporation (PNSC), the update of the National Port’s Master Plan and the standardization of tariffs throughout the country’s ports.

There will also be a special focus on port digitization and development of new terminals in different gates. In addition, the plan addresses water -based agriculture and other related sectors.

Experts emphasize that Pakistan is suffering from an annual loss of 500 billion RS in the maritime sector. This loss is attributed to under -utilization of port capabilities, tax evasion and false billing. Abuse of the Afghan transit trading system also contributes to billions of rupis in losses.

According to experts, tax evasion alone in the maritime sector causes an annual loss of 112 billion Rs.

Economic analysts have described the Reform Plan as a timely and crucial step, emphasizing that its successful implementation and the digital transformation of the ports will significantly improve the country’s economy.