ISLAMABAD - Minister for Maritime Affairs Syed Ali Haider Zaidi has said shipping companies, which register their ships in Pakistan by 2030 will be exempted from tax.
He was addressing a joint news conference in Islamabad on Wednesday with Prime Minister's Advisor on Commerce Abdul Razak Dawood.
The minister said economic reforms are the top agenda of the government and the federal cabinet has already approved the shipping policy of Pakistan.
He said this policy will promote shipping sector in Pakistan. He said freight charges will also be paid in Pakistani rupee under the new shipping policy. He said shipping sector has been declared as industry and banks will support it.
Abdul Razak Dawood said oil & gas and shipping industry is of strategic in nature and many concessions have been granted under the new shipping policy.