
New jetty inaugurated
Boats are moored at Keamari Jetty as fishermen were advised against going into the sea due to a storm warning. Photo: Jalal Qureshi/express
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry inaugurated the newly-constructed Boat Basin Jetty in Keamari involving a cost of over Rs1 billion.
Speaking on the occasion, the federal minister said that the jetty has been built on modern lines keeping in mind the convenience and safety of the public.
"This project will not only provide convenience to the citizens of Karachi but will also help in preserving the historical importance of Karachi," he said, adding that the Karachi Port Trust (KPT) has played an important role in the development of the city and will continue to play its role in the future for the protection of public facilities and the cultural heritage of Karachi.
He announced that the historic building of Karachi Port will be converted into a Marine Museum. He clarified that Karachi Port is the pillar of Pakistan's economy. The port is a source of income of billions of rupees for the Government of Pakistan, FBR, Customs and industrialists.
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Ministry seeks Rs1.6trn PSDP: FY26 budget on June 2 The session was convened at a critical juncture as Pakistan seeks to navigate significant economic and geopolitical challenges while continuing to implement its long-term development agenda under URAAN Pakistan. Addressing the participants, the minister emphasized that despite limited fiscal space and competing demands, the government remains fully committed to sustaining development momentum through strategic realignment of resources and policy reforms. He noted that when the current government assumed office in early 2024, it inherited an economic landscape marked by constrained revenues, pressing foreign obligations, and structural imbalances. However, with a clear vision and decisive leadership, the Planning Commission mobilised stakeholders around a common development framework—URAAN Pakistan—which aims to transform Pakistan into a $1 trillion economy by 2035 and a $3 trillion economy by 2047. 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Copyright Business Recorder, 2025


Business Recorder
14 hours ago
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