{"id":14360,"date":"2017-03-11T06:31:50","date_gmt":"2017-03-10T20:31:50","guid":{"rendered":"http:\/\/leadpakistan.com.pk\/news\/?p=14360"},"modified":"2017-03-11T06:31:50","modified_gmt":"2017-03-10T20:31:50","slug":"pbif-lauds-govt-decision-to-upgrade-ports","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pbif-lauds-govt-decision-to-upgrade-ports\/","title":{"rendered":"PBIF lauds Govt decision to upgrade ports"},"content":{"rendered":"<p>Our Staff Reporter<\/p>\n<p>ISLAMABAD: President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday lauded the decision of the government to upgrade existing ports which will accelerate the pace of development. Importers and exporters are facing problems due to congestion on the ports which is making trade costly, he said.<br \/>\nMian Zahid Hussain said that Pakistan ports handle almost ninety percent of the import and exports and growing requirement call for capacity expansion of the ports which will reduce the price of exports and imports.<br \/>\nHe said the requirements of CPEC can be met easily if ports are upgraded while it will also help import and distribution of LNG which is the fuel of the future.<br \/>\nThe business leader said that Karachi is the business capital of Pakistan where peace and supply of energy should be preferred while Gwadar is the future\u2019s great business hub where peace and provision of dependable energy has become very necessary.<br \/>\nCurrently there is worst load shedding in Gwadar which is hitting life of the locals and business activities.<br \/>\nHe said that government should increase import of electricity from Iran till the time power houses planned in the Gwadar start production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our Staff Reporter ISLAMABAD: President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday lauded the decision of the government to upgrade existing ports which will accelerate the pace of development. Importers and exporters are facing problems due to congestion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-14360","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PBIF lauds Govt decision to upgrade ports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pbif-lauds-govt-decision-to-upgrade-ports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PBIF lauds Govt decision to upgrade ports\" \/>\n<meta property=\"og:description\" content=\"Our Staff Reporter ISLAMABAD: President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday lauded the decision of the government to upgrade existing ports which will accelerate the pace of development. 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