Maersk to invest $2b in different sectors

Karachi: Danish shipping company Maersk will invest two billion dollars in Pakistan's port and transport infrastructure over the next two years due to the efforts of Special Investment Facilitation Council, claimed Minister for Maritime Affairs Qaiser Ahmad Sheikh.

In a statement Minister said that the investment under this project will contribute to the infrastructure development and economic improvement.

Sheikh stated that Karachi has great potential to increase exports and the Ministry of Maritime Affairs is providing an enabling environment to the business community in this regard.

Minister for Maritime Affairs Qaiser Ahmed Sheikh will visit Denmark this month for the signing of a memorandum of understanding between Maersk Shipping Company and Karachi Port Trust.