Times of Islamabad

Pakistan seek 1 billion foreign investment for Karachi Port from top international company

Pakistan seek 1 billion foreign investment for Karachi Port from top international company

ISLAMABAD – Prime Minister Imran Khan Tuesday welcomed a USD 240 millionforeign investment from Hong Kong based port operator, Hutchison PortHoldings and their commitment to Pakistan’s economic prosperity.

The prime minister reiterated the commitment and focus of the government tofacilitate investment and ease-of-doing-business that would ultimatelyresult in economic growth and employment generation.

He was talking to a delegation of Hutchison Port Holdings, led by theirGroup Managing Director Eric Ip that called on him, PM Office media officein a press release said.

Minister for Maritime Affairs Syed Ali Haider Zaidi, Advisor to PM onCommerce Abdul Razzaq Dawood, Special Assistant to PM Syed Zulfiqar AbbasBukhari, Ambassador at Large for Foreign Investment Ali Jehangir Siddiqui,Chairman Boardof Investment Zubair Haider Gilani and senior officials were present duringthe meeting.

Group managing director Eric Ip apprised the prime minister of HutchisonPort Holdings’ fresh investment into Pakistan approximating USD 240 Millionthatwould make available a significant amount of new container terminal capacityat the Karachi Port, and increase Hutchison Ports’ total investment inPakistanto USD 1 billion.