PR No. 106
Ministry of Maritime Affairs and Maersk Line on are on same page before a major breakthrough of Investment
Islamabad: November 11, 2024

Federal Minister for Maritime Affairs, Qaiser Ahmed Shaikh, today welcomed senior officials from Maersk Line, the Danish shipping giant, in a key meeting ahead of the visit of the Danish Foreign Minister to Pakistan. During the meeting, Minister Shaikh emphasized Pakistan's readiness to collaborate with Maersk Line, which has committed to a landmark investment of USD 2 billion in the country's maritime sector. The Minister described this investment as a significant achievement for Pakistan’s shipping and logistics industry, underscoring the potential for long-term economic benefits from enhanced cooperation. The officials of Maersk Line show full confidence on Government of Pakistan and Ministry of Maritime Affairs. They said that they are satisfied before this major breakthrough of investment. Minister Shaikh reassured Maersk officials of the Ministry of Maritime Affairs’ full support in facilitating their operations and addressing any challenges that may arise. “We are fully prepared to work with Maersk Line and ensure a smooth and efficient process for their investment,” the Minister stated. He further added that the terms and conditions of the partnership were being finalized, and that today’s meeting was invaluable in establishing a clear understanding between the two parties ahead of a formal agreement. The Minister expressed optimism that this collaboration would pave the way for further foreign investment and contribute to the growth of Pakistan’s maritime infrastructure. In concluding the discussion, Minister Shaikh reiterated the government’s commitment to addressing any issues that may emerge, ensuring that the Maersk investment would be fully supported and encouraged. This partnership with Maersk Line is expected to generate numerous opportunities in port development, job creation, and overall economic growth, further solidifying Pakistan’s position as a key player in the global shipping industry.

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