PAKISTAN has welcomed a US$2 billion investment from the global shipping giant Maersk, reports St Petersburg's PortNews.
Pakistan Prime Minister Shehbaz Sharif met Robert Maersk, chairman of the AP Moller-Maersk board last week, who was on a business tour in the country.
Mr Sharif hailed the investment as a significant boost to Pakistan's maritime sector, The Maritime Executive of Fort Lauderdale reported.
maersk initially announced the investment last year in October, during the signing of a Memorandum of Understanding (MoU) between Denmark and Pakistan on maritime development.
At the time, the MoU was signed by Danish Minister for Industry and Business Morten Bodskov and Pakistani Minister for Maritime Affairs Qaisser Ahmed Shaikh.
Prime Minister Sharif has directed Pakistani authorities to fast-track conversion of the MoU into a formal agreement. He also directed the formation of a technical working group to accelerate the drafting of a maritime collaboration agreement with Maersk, with recommendations to be presented within a month.
'Pakistan has a crucial role as an economic corridor for trade with Central Asia, a key factor for our company. Maersk is committed to modernizing Pakistan's port logistics and equipping them with advanced technology to establish a major maritime trade hub in the region,' said Robert Maersk.
SeaNews Turkey
Pakistan Prime Minister Shehbaz Sharif met Robert Maersk, chairman of the AP Moller-Maersk board last week, who was on a business tour in the country.
Mr Sharif hailed the investment as a significant boost to Pakistan's maritime sector, The Maritime Executive of Fort Lauderdale reported.
maersk initially announced the investment last year in October, during the signing of a Memorandum of Understanding (MoU) between Denmark and Pakistan on maritime development.
At the time, the MoU was signed by Danish Minister for Industry and Business Morten Bodskov and Pakistani Minister for Maritime Affairs Qaisser Ahmed Shaikh.
Prime Minister Sharif has directed Pakistani authorities to fast-track conversion of the MoU into a formal agreement. He also directed the formation of a technical working group to accelerate the drafting of a maritime collaboration agreement with Maersk, with recommendations to be presented within a month.
'Pakistan has a crucial role as an economic corridor for trade with Central Asia, a key factor for our company. Maersk is committed to modernizing Pakistan's port logistics and equipping them with advanced technology to establish a major maritime trade hub in the region,' said Robert Maersk.
SeaNews Turkey
