KARACHI: The Board of Trustees of Karachi Port Trust (KPT) has taken a major step by rationalizing and revising the tariff schedule. This measure was deemed essential in wake of the incremental increase in the prices of fuel, consequently causing corresponding increase in the cost of labour and Port operations.

It is estimated that the increase in tariff structure will help improve the financial position of Karachi Port Trust and it would find it comfortable to discharge the tasks assigned to it.

The revised rates will become effective 30 days after the publication of the relevant SRO, i.e., 03 May, 2023 except the port dues that would become effective after 60 days.

The KPT Board has sanctioned rates under Section 43 read along with sub sections 43-A and 43-B of KPT Act 1886.

Copyright Business Recorder, 2023