Pakistan, Aug. 6 -- Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced on Wednesday a unified transhipment incentive package offering major concessions at Karachi Port and Port Qasim to cut cargo handling costs and attract regional shipping traffic.

The package, jointly introduced by the Karachi Port Trust (KPT), Port Qasim Authority (PQA) and their container terminal operators, includes reductions in wet charges, wharfage, storage fees and terminal handling charges for containerised, bulk and break-bulk transhipment cargo, as per a statement. "The incentive framework introduces a slab-based concession on Port Wet Charges for vessels carrying transhipment cargo (Containerised & bulk/break bulk cargo).

Vessels...