Minister for Maritime Affairs Qaiser Ahmed Sheikh unveiled a groundbreaking $2 billion investment by global shipping giant Maersk in Pakistan’s port and transport infrastructure. The significant funding, set to be deployed over the next two years, aims to bolster the country’s export capabilities and drive economic growth.
During his upcoming visit to Denmark, Sheikh is scheduled to sign a memorandum of understanding (MoU) with Maersk, formalizing the investment and outlining the strategic initiatives it will support. The agreement underscores the government’s commitment to modernizing and expanding Pakistan’s maritime infrastructure.
This substantial investment reflects the strides made in Pakistan’s maritime and transport sectors, largely credited to the efforts of the Special Investment Facilitation Council (SIFC). The government has also introduced new measures to further support and stimulate the maritime sector, creating a favorable environment for both local and international investments.
Sheikh’s announcement highlights the government’s ongoing efforts to enhance Pakistan’s position as a key player in global trade, promising to bring significant economic benefits and reinforce the country’s trade infrastructure.
