ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif has welcomed the investment of $ 2 billion in the country by the global shipping company A.P Moller-Maersk.
The Prime Minister was talking to the Chairman Board of Directors of A.P. Moller–Maersk, Robert Maersk, in Islamabad on Tuesday.
The Prime Minister directed that the memorandums signed with A.P. Moller – Maersk last year be swiftly turned into formal agreements. He also directed the formation of a technical working group to accelerate the creation of a maritime sector collaboration agreement with the company. The group is expected to present its recommendations within a month.
The Prime Minister highlighted the importance of eliminating all barriers and enhancing the maritime sector to meet global competitive standards. He emphasized that A.P. Moller-Maersk’s investment in Pakistan would bring substantial positive changes to the country’s maritime industry.
Shehbaz Sharif highlighted Pakistan’s abundant marine resources and the government’s efforts to utilize them for the nation’s benefit.
He said Pakistan’s significance as a trade and transport corridor in the region has increased.
The Prime Minister emphasised the importance of positioning Pakistan as a dependable and efficient economic corridor for transit trade in the region to strengthen the country’s economy. He also encouraged A.P. Moller-Maersk to explore additional investment opportunities in Pakistan.
Robert Maersk has shown interest in investing in Pakistan’s seaports and lauded the government’s economic policies, describing them as attractive for investment. He mentioned that A.P Moller-Maersk’s clients across the world have shown interest in investment and business opportunities in Pakistan. He went on to say that the company’s first ship arrived in the region in 1924, and today, their ties with Pakistan are stronger than ever.
Maersk highlighted Pakistan’s key role as an economic corridor for trade with Central Asian nations, which is of great importance to the company. He said the company is committed to modernising logistics systems at Pakistan’s ports and equipping them with advanced technology to establish a unique hub for maritime trade in the region.
