Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood said there is a lot of potential for transshipment in Pakistan, which can be exploited with right policies and government support on Thursday.
The advisor was chairing a meeting at the Ministry of Commerce on Wednesday that discussed the transshipment potential of Pakistan.
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In the meeting, a detailed overview of the transshipment sector in Pakistan and the overall general outlook of transshipment in the world was made.
He added that the government could play the role of a facilitating regulator and provide a flexible environment to boost the transshipment industry as per the available potential.
The adviser stated that Gwadar Port could act as a sister port of a number of other important ports in the region, which could complement each other in transshipment activities.
Dawood stressed that Pakistan could reach its true potential of transshipment when China, Afghanistan and other Central Asian economies were connected with Gwadar Port via the land route.
Considering different policy recommendations, the adviser noted that a little value addition could be beneficial to promoting and improving the transshipment industry.
He asked the stakeholders to consider the recommendations and resolve the identified issues for the benefit of ports and shipping industry in Pakistan.
