ISLAMABAD, Aug 17 (APP):Minister for Maritime Affairs Qaiser Ahmed Sheikh on Saturday said that Danish shipping company Maersk will invest $2 billion in Pakistan’s port and transport infrastructure over the next two years.
Talking to PTV News, the minister stated that this significant investment will contribute to the development of infrastructure and will play a vital role in boosting Pakistan’s economy. He said that the investment comes as a result of the efforts made by the Special Investment Facilitation Council (SIFC).
The minister is scheduled to visit Denmark this month to sign a memorandum of understanding (MoU) between Maersk and Karachi Port Trust, formalizing the investment plans. He said that Karachi has the potential to increase exports and the Ministry of Maritime Affairs is creating an enabling environment for the business community to tap into this potential.
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