Denmark is set to invest $2 billion in Pakistan’s port sector, with Danish investors actively collaborating with the Pakistani government to expedite the process. This development was highlighted by Federal Minister for Maritime Affairs Junaid Anwaar Chaudhry during his visit to Port Qasim.
The minister emphasized that land at Port Qasim will be allocated strictly for industrial purposes, ensuring transparency in sales to genuine investors. He stated that real estate dealings in port land will be discontinued, and allotments will be revoked if industries are not established within the designated timeframe.
Chaudhry also invited investors and the Sindh government to collaborate with the Ministry of Maritime Affairs to improve Karachi’s infrastructure, underscoring the necessity of joint efforts for such projects. He committed to fast-tracking the ministry’s initiatives, including formulating clear policies for lands under Port Qasim, Karachi Port Trust (KPT), and Pakistan National Shipping Corporation (PNSC).
This investment follows a pledge made last November by Danish shipping company Maersk Line to invest $2 billion in Pakistan’s maritime sector, aiming to bolster the nation’s shipping and logistics industry and stimulate long-term economic benefits.
