APM Terminals set to ramp up investment in Pakistani market, CEO commits

April 25, 2024 (MLN): APM Terminals recognizes significant potential in the Pakistani market and is committed to enhancing its investment to support the country's trade activities, Keith Svendsen, CEO of APM Terminals stated during a meeting with Finance Minister Muhammad Aurangzeb today.

The meeting was attended by the Secretary of Maritime Affairs, representatives from APM, and senior officers from FBR and Finance Division.

The Finance Minister commenced the discussion by expressing gratitude to the Danish Government for its commitment, notably in the form of the grant for flood-affected communities in 2022 and the $3.8 million grant pledged during the Geneva pledges. He emphasized the need to capitalize on this momentum to further enhance economic ties between the two nations.

He further apprised the representatives about the government's reform agenda and expressed optimism that Pakistan's reform actions would lead to improved business confidence and attract investments to Pakistan.

He also expressed that the government is committed to facilitating an environment conducive to business and is keen to explore opportunities for future projects & investments with APM, particularly in the maritime sector.

Keith Svendsen expressed that APM Terminals is pleased to engage with the government of Pakistan to discuss the ongoing and future projects in Pakistan.

The matter regarding the need for improvisation in customs rules and regulations for the efficient execution of maritime affairs in a seamless manner was also discussed.

Muhammad Aurangzeb assured his support in this regard and both sides acknowledged the importance of continuous dialogue and collaboration between public and private sectors to further boost the economic ties.

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