In a significant boost for Pakistan’s maritime sector, the country is poised to finalise a $2 billion investment agreement with the Swedish-based global shipping giant, AP Moller–Maersk, this month.
Pakistan’s Maritime Affairs Minister, Qaiser Ahmed Sheikh, will visit Denmark to sign a pivotal memorandum of understanding (MoU) between the Karachi Port Trust (KPT) and Maersk, marking a monumental step in enhancing the nation’s port and transport infrastructure.
This landmark deal follows a recent visit by Maersk CEO, Keith Svendsen, to Pakistan, where he engaged with senior officials to explore new opportunities within the country’s maritime industry.
Over the next two years, Maersk’s substantial investment is expected to drive significant infrastructure development and economic growth, as highlighted by Radio Pakistan.
Minister Sheikh underscored Karachi’s considerable export potential, stressing that his ministry is committed to fostering a supportive environment for business ventures.
With Maersk commanding approximately 20 percent of Pakistan’s containerized import-export market, this investment underscores the company’s pivotal role in the nation’s logistics and supply chain sectors.
Earlier this year, Maersk also announced the launch of new smart logistics and warehouse facilities across China, Norway, and Pakistan.
Additionally, Pakistan has secured a $395 million agreement with Abu Dhabi Ports Group to develop a new container and cargo terminal under a government-to-government (G2G) arrangement between the UAE and Pakistan.
