Islamabad : Federal Minister for Maritime Affairs, Qaiser Ahmad Sheikh, chaired a crucial meeting to discuss the progress of foreign investment in Pakistan’s maritime sector. The meeting was attended by representatives from Malaysian companies, Felda Global Ventures and KLK Malaysia, along with the Westbury Group from Pakistan. These companies are already engaged with Pakistan’s ports and expressed their intent to expand operations. Minister Sheikh assured full cooperation to foreign investors, particularly Malaysia, emphasizing that the Ministry of Maritime Affairs is actively addressing the concerns of importers and exporters.
In a significant development, a Memorandum of Understanding (MoU) was signed with the Danish government, paving the way for a $2 billion investment from Maersk in Pakistan’s maritime sector. This milestone reflects the growing confidence of foreign investors in Pakistan. Sheikh highlighted that the success of the China-Pakistan Economic Corridor (CPEC) is intricately linked to the development of ports like Gwadar and Karachi, with upgrades in full swing.
Qaiser Ahmad Sheikh further reassured Malaysian businesses of Pakistan’s commitment to providing top-notch services at its ports. He emphasized that importers and exporters would face no difficulties, as the government is focused on removing any hurdles. Sheikh also reiterated that his office is always open to investors facing challenges and that swift solutions would be provided.
The Federal Minister expressed gratitude to the multinational company representatives for their participation, noting the positive impact of the Malaysian Prime Minister’s visit to Pakistan. He voiced optimism about enhanced cooperation between Pakistan and Malaysia, not only in the maritime sector but across various fields.
