Karachi: Federal Minister for Maritime Affairs, Faisal Sabzwari, announced on Saturday that a $500 million investment is being negotiated with Gulf countries, including Abu Dhabi. The investment will be used to develop Port Qasim, one of the largest seaports in Pakistan.
Sabzwari made the announcement at an event organized by the Korangi Association of Trade and Industry (KATI). He said that the investment would help to create jobs and boost economic growth in Pakistan.
“This investment is a major step forward for Pakistan’s maritime sector,” Sabzwari said. “It will help to modernize Port Qasim and make it a more attractive destination for foreign investors.”
Sabzwari said that the government is also working on a number of other initiatives to improve the maritime sector in Pakistan. These include:
- Developing a new shipping policy
- Increasing the number of maritime vessels
- Promoting tourism in coastal areas
“We are committed to making Pakistan a major maritime power,” Sabzwari said. “These initiatives will help us to achieve that goal.”
The announcement of the $500 million investment was welcomed by the business community in Pakistan. KATI President Faraz-ur-Rehman said that the investment would “give a major boost to the economy.”
“This is a great opportunity for Pakistan,” Rehman said. “It will help to create jobs, attract foreign investment, and boost economic growth.”
The investment in Port Qasim is a major step forward for Pakistan’s maritime sector. It will help to modernize the port and make it a more attractive destination for foreign investors. The investment is also expected to create jobs and boost economic growth in Pakistan.