ISLAMABAD: Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has praised the government’s decision of upgrading existing ports and said that this initiative will accelerate the pace of development. He said that importers and exporters are facing problems due to congestion on the ports which is making trade costly. He said that Pakistan ports handle almost 90 percent of the import and exports and growing requirement call for capacity expansion of the ports which will reduce the price of exports and imports.
He said the requirements of CPEC can be met easily if ports are upgraded while it will also help in import and distribution of LNG which is the fuel of the future. Congestion of the ports result in delays and increased cost of doing business which make Pakistani products costly in the international market, he added. The business leader said that Karachi is the business capital of Pakistan where peace and supply of energy should be preferred while Gwadar is the future’s great business hub where peace and provision of dependable energy has become very necessary.
