ISLAMABAD: Maersk Line, Denmark’s shipping giant and the world’s second-largest container shipping company by fleet size and cargo capacity, has announced a USD 2 billion investment in Pakistan’s maritime sector.
The announcement came during a meeting in Islamabad on Monday between the Minister for Maritime Affairs, Qaiser Ahmed Shaikh, and senior officials from Maersk Line. During the meeting, the minister highlighted the investment as a milestone for Pakistan’s shipping and logistics industry, emphasizing its potential to bring long-term economic benefits through strengthened cooperation.
Maersk officials expressed confidence in the Government of Pakistan and the Ministry of Maritime Affairs, acknowledging the progress that led to this major investment commitment. Qaiser Ahmed Shaikh assured Maersk of the Ministry’s full support in facilitating their operations and resolving any challenges to ensure a smooth investment process.
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The minister also expressed hope that this partnership will attract additional foreign investment and boost the development of Pakistan’s maritime infrastructure. This collaboration is expected to generate opportunities in port development, job creation, and economic growth, strengthening Pakistan’s position in the global shipping arena.
Earlier on Monday, Federal Minister for Maritime Affairs Qaiser Ahmed Shaikh discussed plans to improve the performance of government bodies, including potential privatization where appropriate. Speaking to journalists at the Pakistan National Shipping Corporation (PNSC) office, he clarified that there are no current plans to privatize PNSC.
He also addressed the issue of a PNSC oil vessel stranded in Sri Lanka for eight months due to technical problems, calling for collective efforts to stabilize the economy and enhance government institutions.
