Maersk to Invest $2 Billion in Pakistan’s Port and Transport Infrastructure

Karachi: Danish shipping giant Maersk has announced plans to invest two billion dollars in Pakistan’s port and transport infrastructure over the next two years, a move facilitated by the Special Investment Facilitation Council.

According to Ministry of Information and Broadcasting, this substantial investment aims to significantly enhance infrastructure development and boost economic growth within the country. Minister for Maritime Affairs Qaiser Ahmed Sheikh highlighted the strategic importance of this initiative, noting that it will particularly impact Karachi’s capacity to increase exports.

Minister Sheikh is scheduled to travel to Denmark later this month to finalize the agreement, which will involve the signing of a memorandum of understanding between Maersk Shipping Company and Karachi Port Trust. He expressed optimism about the potential benefits for the local business community and the broader economic landscape of Karachi and Pakistan.

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