Maersk, the world leader in shipping and logistics, has announced plans to invest $2 billion in Pakistan. This investment will support the development of a new port, a modern shipping terminal, and expanded logistics and warehousing facilities.
A senior delegation from Maersk briefed the Federal Minister for BOI, Qaiser Ahmed Sheikh, on the details of the proposal on Wednesday. The delegation, which was led by the Senior Director at APM Terminals, shared with the minister Maersk’s vision for strengthening its presence in Pakistan’s maritime and supply chain sectors. In this regard, the company described the strategic importance of Pakistan’s location and its growing trade needs as important factors in making this investment fruitful for both parties.
Minister Qaiser Ahmed Sheikh welcomed the Maersk delegation and assured the government’s fullest commitment and facilitation to foreign investors. He mentioned that the Prime Minister Shehbaz Sharif and the Finance Ministry are doing joint work to attract more and more foreign investment. BOI is working vigorously on improving policies for creating a business-friendly environment.
Both sides also discussed a memorandum of understanding that was already signed and was an important milestone in their relationship. The minister assured Maersk that the BOI would extend full support during the investment process to ensure a smooth, efficient experience for the company.
Pakistan is very capable of receiving global investment, and the government is fully committed to supporting international companies such as Maersk to expand their footprint in the country.
