Maersk to invest $2b in Pakistan

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. The investment under this project will contribute to the infrastructure development and economic improvement. 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. In a statement Qaiser Ahmed Sheikh said 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. Source: Radio Pakistan