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Maersk investment to boost economy

ISLAMABAD: Minister for Maritime Affairs Qaiser Ahmed Sheikh on Saturday said that Danish shipping company Maersk would invest $2 billion in Pakistan’s port and transport infrastructure over the next two years. Talking to PTV News, the minister stated that the significant investment would contribute to the development of infrastructure and would play a vital role […]

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Danish shipping giant to invest $2b in Pakistan

Danish shipping giant to invest $2b in Pakistan

Danish shipping company Maersk has announced to invest $2billion in Pakistan’s port and transport infrastructure over the next two years. According to state-owned news agency, the investment under this project will contribute to the infrastructure development and economic improvement. In this regard, Minister for Maritime Affairs Qaiser Ahmed Sheikh will visit Denmark this month for […]

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this self inflicted acceleration of de dollarisation by the west poses significant risks investors and countries may lose confidence in western financial institutions leading to a massive withdrawal of funds and a subsequent economic downturn photo reuters

$2b investment deal with Maersk on cards

KARACHI: Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh has announced that he will leave for Denmark this month to sign an MoU with Maersk, a renowned European shipping giant, which intends to invest $2 billion. “Maersk will start investing from October 2024 in numerous areas including infrastructure, terminals, warehousing, shipbreaking, etc, which will make […]

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