Pakistan can generate $6b in savings from revitalised shipping industry

Pakistan can generate $6b in savings from revitalised shipping industry
August 17, 2020

PM Imran Khan's tweet focuses attention back on a neglected industry

slamabad: Pakistan could save up to $6 billion annually if it built more capacity in its domestic shipping industry – a sum that is equal to the IMF bailout package that the country is receiving.

“Nearly 85 percent of Pakistan’s total international trade (of about 100 million tons) is carried out by foreign ships on which we spend almost $6 billion yearly,” said Syed Muhammad Obaidullah, a maritime and defence analyst.

“Imagine if we could save this staggering amount…”

Back in focus

A new tweet by Pakistan prime Minister Imran Khan has drawn renewed focus on the country’s maritime possibilities.. and the need for an immediate funding support to tap that potential.

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