Minister hails end of 18% tax on shipping sectorPublished on: June 14, 2026 6:23 AM
Pakistan, June 14 -- Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said on Saturday that the government's decision to abolish the 18% sales tax imposed on the shipping industry was an important step toward strengthening the maritime economy. The minister said that the removal of sales tax will promote the maritime and logistics sectors and is expected to reduce business costs significantly. He further said that the competitive strength of local shipping companies will improve and will create new investment opportunities. "The growth of the local shipping industry will increase employment opportunities," the minister said. Aurangzeb on Friday unveiled a Rs18.77 trillion federal budget for fiscal year 2026-27, extendi...
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