Islamabad, Copenhagen discuss $2 billion investment to modernize Pakistan’s maritime sector

Pakistani Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry (left) present souvenir to Danish Ambassador Jacob Linulf during their meeting on March 12, 2025. (PID)
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Updated 13 March 2025
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Islamabad, Copenhagen discuss $2 billion investment to modernize Pakistan’s maritime sector

  • Pakistan, Denmark signed MoU in October 2024, paving the way for Maersk to invest $2 billion in Pakistan’s maritime sector
  • Maritime affairs minister says Danish expertise can contribute to Pakistan’s economic growth, trade competitiveness

ISLAMABD: Pakistani and Danish officials this week discussed Denmark’s $2 billion investment to modernize the South Asian country’s maritime affairs infrastructure, Pakistan’s maritime affairs ministry said, as the two sides explored further avenues for bilateral collaboration.

Pakistan and Denmark last October signed a $2 billion memorandum of understanding (MoU) according to which Danish global shipping giant AP Moller–Maersk (Maersk) will invest the amount to modernize Pakistan’s maritime infrastructure and enhance its ports’ efficiency.

Pakistani Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry and Danish Ambassador Jacob Linulf met on Wednesday to review the progress of the $2 billion investment, the maritime affairs ministry said. 

“The minister emphasized the strategic importance of this partnership, highlighting how Danish expertise in maritime technology can contribute to Pakistan’s economic growth and global trade competitiveness,” the statement said. 

The ministry said that their discussion also covered potential future investments in green shipping, renewable energy solutions for ports and capacity-building initiatives to strengthen Pakistan’s maritime workforce. 

“Both dignitaries reaffirmed their commitment to fostering a long-term, mutually beneficial relationship between the two countries,” the statement added. 

The meeting also focused on strengthening cultural ties and promoting tourism between Pakistan and Denmark, with both sides reaffirming their desire to enhance people-to-people exchanges. 

Linulf expressed Denmark’s interest in expanding its footprint in Pakistan’s maritime sector, the ministry said, reiterating his government’s commitment to supporting sustainable and innovative solutions. 

“The meeting concluded on a positive note, with both sides agreeing to accelerate the implementation of the MoU and explore further opportunities for collaboration in trade, investment, and cultural exchange,” the ministry said. 


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.