ISLAMABAD: Pakistan’s Maritime Affairs Minister Qaiser Ahmed Sheikh will visit Denmark this month for the signing of a memorandum of understanding between Denmark-based global shipping giant, AP Moller–Maersk (Maersk), and the Karachi Port Trust (KPT), Pakistani state media reported.
The development comes months after Maersk Chief Executive Officer Keith Svendsen’s visit to Pakistan, where he met top officials to explore opportunities in the country’s maritime sector.
The Danish shipping firm will invest $2 billion in Pakistan’s port and transport infrastructure over the next two years, the state-run Radio Pakistan broadcaster reported.
“The investment under this project will contribute to the infrastructure development and economic improvement,” the report read.
Sheikh said Karachi had a huge potential for exports and his ministry was providing an enabling environment to the business community in this regard.
Maersk has grown into a leading provider of logistics and supply-chain services across Pakistan. It has around 20 percent market share in Pakistan’s containerized import-export activities, according to Pakistan’s information ministry.
In January this year, the Danish shipping firm announced new smart logistics and warehouse facilities in China, Norway and Pakistan.
Pakistan has also signed an agreement with Abu Dhabi (AD) Ports Group which is investing about $395 million for the development of a container and cargo terminal under a government-to-government (G2G) agreement between the United Arab Emirates and Pakistan.
Pakistan minister to visit Denmark this month to sign $2 billion investment deal with Maersk
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Pakistan minister to visit Denmark this month to sign $2 billion investment deal with Maersk
- Maersk has a market share of around 20 percent in Pakistan’s containerized import-export activities
- Foreign firms have lately shown interest in Pakistan’s port as a global hub for transshipment
Pakistan, seven Muslim nations back Palestinian technocratic body, stress Gaza-West Bank unity
- The National Committee for the Administration of the Gaza Strip was announced on January 14
- Muslim nations call for consolidation of the ceasefire and unimpeded humanitarian aid into Gaza
ISLAMABAD: Pakistan and seven other Muslim-majority countries on Thursday welcomed the formation of a temporary Palestinian technocratic body to administer Gaza, stressing that it must manage daily civilian affairs while preserving the institutional and territorial link between the Gaza Strip and the West Bank amid the ongoing peace efforts.
In a joint statement, the foreign ministers of Pakistan, Egypt, Jordan, Saudi Arabia, Qatar, Türkiye, Indonesia and the United Arab Emirates said the newly announced National Committee for the Administration of the Gaza Strip would play a central role during the second phase of a broader peace plan aimed at ending the war and paving the way for Palestinian self-governance.
“The Ministers emphasize the importance of the National Committee commencing its duties in managing the day-to-day affairs of the people of Gaza, while preserving the institutional and territorial link between the West Bank and the Gaza Strip, ensuring the unity of Gaza, and rejecting any attempts to divide it,” the statement said.
The committee, announced on Jan. 14, is a temporary transitional body established under United Nations Security Council Resolution 2803 and is to operate in coordination with the Palestinian Authority, the ministers said.
The statement said the move forms part of the second phase of US President Donald Trump’s Comprehensive Peace Plan for Gaza, which the ministers said they supported, praising Trump’s efforts to end the war, ensure the withdrawal of Israeli forces and prevent the annexation of the occupied West Bank.
The top leaders of all eight Muslim countries attended a meeting with Trump in New York last September, shortly before he unveiled the Gaza peace plan.
The ministers also called for the consolidation of the ceasefire, unimpeded humanitarian aid into Gaza, early recovery and reconstruction and the eventual return of the Palestinian Authority to administer the territory, leading to a just and sustainable peace based on UN resolutions and a two-state solution on pre-1967 lines with East Jerusalem as the Palestinian capital.
