Pakistan, Denmark to strengthen maritime ties

ISLAMABAD: Federal Minister for Maritime Affairs Qaiser Ahmed Shaikh on Monday welcomed senior officials from Maersk Line, the Danish shipping giant, to a key meeting ahead of the Danish Foreign Minister’s visit to Pakistan.

During the meeting, Minister Shaikh emphasised Pakistan’s readiness to collaborate with Maersk Line, which has committed to a landmark investment of $2 billion in the country’s maritime sector. The minister described this investment as significant for Pakistan’s shipping and logistics industry, underscoring the potential for long-term economic benefits from enhanced cooperation. The officials of Maersk Line expressed full confidence in the Government of Pakistan and the Ministry of Maritime Affairs. They said that they were satisfied before this major investment breakthrough.

The minister 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,” he said. He further added that the terms and conditions of the partnership were being finalised and that today’s meeting was invaluable in establishing a clear understanding between the two parties ahead of a formal agreement. Shaikh 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.