ISLAMABAD: Pakistan aims to expand its state-owned shipping fleet by 600pc over the next three years, with a focus on energy-efficient and climatesmart vessels.

The initiative, led by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry, seeks to reduce reliance on foreign vessels, cut sea freight costs, and align with global emission standards.

Due to limited financial capacity of Pakistan National Shipping Corporation(PNSC), a cost-sharing mechanism has been devised, with Karachi Port Trust (KPT) and Port Qasim Authority (PQA) pledging funding support.

Agreements were signed by KPT`s Abdullah Zaki, PQA Chairman Rear Admira1(retd)SyedMoazzamIlyas, and PNSC CEO Syed Jarar Haider Kazmi.

The plan forms part of broader efforts to modernise maritime infrastructure, enhance trade connectivity, and support Pakistan`s climate goals under the prime minister`s directive.-Kalbe Ali