US Firms Seek Expansion in Pakistan’s Maritime Industry
Tuesday saw over 65 American firms attend a webinar to learn about new business prospects in Pakistan’s maritime sector. The webinar, co-hosted by the US Department of Commerce’s International Trade Administration, the US State Department, and Pakistan’s Ministry of Maritime Affairs, underscored Karachi Port and Port Qasim’s role in facilitating trade and investment between the two nations.
The webinar, which forms part of the ‘Gateways to Growth: South Asia Port Opportunities’ series, featured input from senior officials of Pakistan’s port bodies. These included the Ministry of Maritime Affairs, Port Qasim Authority, and significant terminal operators such as Abu Dhabi Ports (Karachi Gateway Terminal Ltd) and Dubai Ports World (Qasim International Container Terminal).
US Consul General Scott Urbom shared the promise of Pakistan’s shipping industry and how US businesses can play a key role in building the infrastructure of Pakistan. He stressed that the US Mission is committed to assisting American businesses through local allies and familiarity with the regulations of Pakistan.
The meeting also centered on how US companies can assist in enhancing port performance, enhancing trade, and solidifying supply chains. US International Development Finance Corporation’s Ean Hundley outlined that the program aims to assist US businesses in getting engaged with South Asia’s increasing port development initiatives.
Pakistani authorities also discussed their priorities for enhancing infrastructure, such as port capacity and efforts towards digitalization. The webinar showcased the role that public-private partnerships can play in accelerating progress in port operations.
Alia Shahid, Director General Ports and Shipping, and other industry officials presented a picture of Pakistan’s growing maritime industry and opportunities for developing ports.
Wrapping up the session, Consul General Urbom invited American firms to pursue these expanding prospects in Pakistan’s maritime sector, promising them that the US government would remain actively engaged to help them navigate by advocacy, trade promotion, and diplomacy.
