Islamabad: A dedicated steering committee has convened in Islamabad, focusing on facilitating significant investment from Danish shipping magnate Maersk Line in Pakistan’s marine sector, under the leadership of the Federal Minister for Finance and Revenue, Mr. Aurangzeb Khan.
According to Press Information Department, the committee, which also included virtual participation from the Federal Minister for Maritime Affairs, Mr. Qaiser Ahmed Shaikh, discussed advancements in the Memorandum of Understanding (MOU) between Pakistan and Denmark. This agreement, aimed at fostering public-private partnerships, supports sustainable infrastructure developments, particularly at Karachi Port. In May 2024, AP Moller – Maersk announced plans to channel billions of US dollars into enhancing various facets of the port’s operations, including logistics, shipbreaking, and overall port development.
This initiative represents a critical move towards strengthening Pakistan’s maritime sector, leveraging international partnerships to upgrade its maritime infrastructure and capabilities. The Federal Minister for Maritime Affairs has been instrumental in advancing these international investment efforts, which promise to significantly boost Pakistan’s economic and logistical capacity.