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ISLAMABAD: To boost the maritime and logistics sectors, the federal government has abolished the 18 per cent sales tax on the shipping industry for 2026-27.
On Saturday, Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry said the decision was taken to fulfil a long-standing industry demand to improve the shipping sector’s competitiveness.
“The abolition of the 18pc sales tax will facilitate trade by lowering transportation and logistics costs,” the minister said in a statement, adding that the measure will encourage investment in the maritime sector and support the growth of local shipping services.
He said the relief is expected to attract fresh investment, reduce the cost of doing business for importers and exporters, and strengthen the blue economy by creating a more business-friendly environment for maritime enterprises.
