Pakistan, May 12 -- Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Monday announced sweeping reductions in tariff rates at Gwadar Port aimed at strengthening the deep-sea facility's position as a competitive regional logistics and transshipment hub.

In a statement, the minister said the revised policy is designed to significantly increase transit and international transshipment container traffic through Gwadar, attract global shipping lines, and enhance overall port activity.

"Under the revised tariff structure, berthing fees for container vessels and ships carrying transit or transshipment cargo have been reduced by 25 percent. Charges on international transshipment container cargo have been slashed by 40 perce...