Pakistan PM says Hong Kong conglomerate key to introducing advanced tech at Karachi Port

Prime Minister Shehbaz Sharif speaks during a meeting with Hong Kong’s Hutchison Ports delegation, led by Eric Ip, at the Prime Minister Office in Islamabad on May 22, 2025. (Photo courtesy: Handout/PMO)
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Updated 22 May 2025
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Pakistan PM says Hong Kong conglomerate key to introducing advanced tech at Karachi Port

  • Hutchison Ports announced in March to invest $1 billion to uplift Pakistan’s port infrastructure
  • The top conglomerate official Eric Ip met Prime Minister Shehbaz Sharif to discuss future plans

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday applauded a Hong Kong-based conglomerate for playing an important role in modernizing Karachi Port by introducing advanced technologies like modern scanners for customs assessments, said an official statement.

The statement was issued after a Hutchison Ports delegation, led by Chief Executive Officer Eric Ip, met Sharif, Finance Minister Muhammad Aurangzeb, Maritime Affairs Minister Junaid Anwar Chaudhry and Economic Affairs Minister Ahad Cheema to discuss the company’s operations in Pakistan.

Hutchison Ports, a subsidiary of Hong Kong conglomerate CK Hutchison Holdings Limited, has been operating two terminals in Pakistan, contributing over $804 million in government revenues and providing employment to 5,000 individuals.

“Modern technology is being introduced at ports in Pakistan, with Hutchison Ports playing an important role,” the PM Office quoted Sharif as saying. “Hutchison Ports’ services will prove valuable in establishing modern scanners for customs assessment at domestic ports.”

Sharif said the investments made by Hutchison Ports in Pakistan for three decades were “a reflection of confidence in Pakistani economic policies.”

On the occasion, the CEO of Hutchison Ports said the company was taking steps to introduce modern technology at Karachi Port and expressed a desire to invest more in Pakistan in the future.

In March, Hutchison Ports said it planned to invest $1 billion in Pakistan to improve its port infrastructure. Later the same month, Pakistan’s maritime affairs minister and a Hutchison Ports official discussed the “swift execution” of the proposed investment.

Pakistan has been working to boost foreign trade while seeking international partnerships to expand maritime activities.

On Jan. 22, South Korean shipping company HMM launched the India North Europe Express (INX) weekly shipping service in Pakistan, providing the country with direct access to Europe.

Earlier, Dubai-based logistics giant DP World, in collaboration with Pakistan’s National Logistics Corporation, launched a feeder service to transport shipping containers from Dubai to Karachi.

Pakistani officials and DP World have also finalized terms for a freight corridor project from Karachi Port to the Pipri Marshalling Yard in southern Pakistan.


US says trade with Pakistan could top $8 billion in 2025

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US says trade with Pakistan could top $8 billion in 2025

  • US chargé d’affaires links rising trade to deeper economic engagement with Pakistan
  • Visit comes amid broader effort by Islamabad and Washington to improve bilateral ties 

ISLAMABAD: Trade between the United States and Pakistan is projected to exceed $8 billion in 2025, the US Embassy said on Tuesday, as Washington signaled confidence in Pakistan’s export base and economic potential during a high-profile visit to the industrial city of Sialkot.

The projection was highlighted by US Chargé d’Affaires Natalie A. Baker during meetings with Pakistani exporters and business leaders, underlining the importance Washington places on trade, investment and supply-chain cooperation as the two countries seek to stabilize and expand their economic relationship.

“Highlighting the growth in trade between the United States and Pakistan, which was projected to reach over $8 billion in 2025, Baker said, ‘Expanding trade reflects a strong foundation that highlights the positive impact of US economic engagement in Pakistan and globally. The United States and Pakistan are pursuing a fair and balanced trade relationship that creates prosperity for both our nations’,” the US embassy said in a statement.

The envoy said the United States had been Pakistan’s largest export market and a leading investor, presenting significant opportunities for expanded trade and shared prosperity. 

“The United States remains deeply invested in Pakistan and its people,” Baker said, “building on a partnership that dates back to Pakistan’s independence and continues to grow through trade, innovation, education, and cultural exchange.”

The visit comes amid a broader effort by Islamabad and Washington to improve bilateral ties under US President Donald Trump’s second term, after years of uneven engagement. Since mid-2025, the two sides have stepped up diplomatic contacts, including meetings between Prime Minister Shehbaz Sharif, Pakistan’s military leadership and US officials, alongside discussions on trade, minerals, security cooperation and regional stability.

Pakistan has also sought to re-energize economic diplomacy with Washington as it works to boost exports, attract foreign investment and stabilize its economy under an IMF-backed reform program. 

In July 2025, the two countries agreed to a bilateral trade deal that included reciprocal tariff reductions and frameworks for US investment in Pakistan’s energy and mineral sectors, a step Islamabad has hailed as opening new avenues for economic collaboration.

During her visit, Baker toured leading exporters including Forward Sports, First American Corporation (FAC) and CA Sports, companies that are deeply embedded in global supply chains. The embassy said nearly 70 percent of FAC’s exports go to the United States, illustrating sustained US consumer demand for Pakistani-made goods.

Baker also visited Sialkot International Airport and met with the leadership of AirSial, highlighting private-sector-led infrastructure and logistics as key to Pakistan’s export growth.