Pakistan PM orders port reforms to cut cargo delays, boost trade and growth

Shipping containers are stacked at the Karachi port area in Karachi, Pakistan, on July 31, 2025. (Reuters/File)
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Updated 24 December 2025
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Pakistan PM orders port reforms to cut cargo delays, boost trade and growth

  • Shehbaz Sharif orders transparent auctions of abandoned cargo and separate yards to clear port backlogs
  • Government to fast-track dredging, port expansion and rail links to handle larger vessels and inland cargo

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday ordered wide-ranging reforms at Pakistan’s ports to reduce cargo delays, cut costs for businesses and support economic growth, directing authorities to improve coordination, infrastructure and transparency across the sector.

The instructions were issued during a meeting of a private-sector working group formed to recommend port-related reforms, as the government seeks to ease bottlenecks in trade logistics and improve competitiveness.

“Our ports play an extremely important role in expanding business and driving economic growth in the country,” Sharif said, according to a statement from his office, as he directed port-linked agencies to strengthen coordination to reduce cargo dwell time and ordered a further reduction in port charges to ease the burden on the business community.

Sharif also instructed officials to introduce a transparent system for auctioning abandoned cargo, including the creation of separate yards at ports and the use of internationally reputed firms to manage the process.

He called for faster work on dredging and expanding ports to allow larger vessels to berth and ordered improvements in rail connectivity from ports to facilitate inland cargo movement.

A briefing given to the participants of the meeting highlighted work on a National Ports Master Plan was progressing, adding that a port community system had recently become operational, and fees at several ports were being reduced, including a cut of more than 50 percent in bulk cargo charges at Port Qasim.

Officials also said an electronic bidding system for auctioning abandoned cargo would be launched soon and that tenders for expansion and dredging at Karachi’s ports had already been issued.
 


Pakistan regulator amends law to facilitate capital raising by listed companies

Updated 19 January 2026
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Pakistan regulator amends law to facilitate capital raising by listed companies

  • The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue
  • Previously, listed companies were prohibited from announcing a rights issue if the company, officials or shareholders had any overdue amounts

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Companies (Further Issue of Shares) Regulations 2020 to facilitate capital raising by listed companies while maintaining adequate disclosure requirements for investors, it announced on Monday,

The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue. Previously, listed companies were prohibited from announcing a rights issue if the company, its sponsors, promoters, substantial shareholders, or directors had any overdue amounts or defaults appearing in their Credit Information Bureau (CIB) report.

This restriction constrained financially stressed yet viable companies from raising capital, even in circumstances where existing shareholders were willing to support revival, restructuring, or continuation of operations, according to the SECP.

“Under the amended framework, the requirement for a clean CIB report will not apply if the relevant persons provide a No Objection Certificate (NOC) regarding the proposed rights issue from the concerned financial institution(s),” the regulator said.

The notification of the amendments follows a consultative process in which the SECP sought feedback from market stakeholders, including listed companies, issue consultants, professional bodies, industry associations, law firms, and capital market institutions.

The amendments are expected to enhance market confidence, improve access to capital for listed companies, and strengthen transparency within the rights issue framework, according to the SECP.

“To ensure transparency and protect investors’ interests, companies in such cases must make comprehensive disclosures in the rights offer document,” the regulator said.

“These disclosures must include details of any defaults or overdue amounts, ongoing recovery proceedings, and the status of any debt restructuring.”

The revised regulations strike an “appropriate balance” between facilitating corporate rehabilitation and enabling investors to make informed investment decisions, the SECP added.