Denmark's Maersk to invest $2bn in Pakistan’s ports over 2 years

MG News | August 05, 2024 at 10:42 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 05, 2024 (MLN): In a major upcoming economic development for Pakistan, Denmark's Maersk Shipping Line will invest $2 billion over the next two years in the infrastructure of ports, terminals, dredging, transshipment, and road construction.

This announcement was made by the Federal Minister for Naval Affairs Qaiser Ahmed Sheikh while briefing journalists in Karachi.

He said that the federal cabinet has approved the government-to-government Memorandum of understanding (MoU) between Denmark and Pakistan.

As a result, the Minister of Ports and Shipping will visit Denmark in August to sign the agreement between the two countries.

As per the details, the MoU will be between Maersk, the world's largest shipping line, and Karachi Port Trust (KPT).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,188.20 288.13M	0.84% 1495.29
ALLSHR	108,347.11 546.93M	0.76% 819.72
KSE30	53,415.62 104.65M	0.74% 392.74
KMI30	256,095.73 97.92M	0.51% 1306.47
KMIALLSHR	70,459.27 369.07M	0.75% 522.13
BKTi	48,562.21 23.72M	1.24% 595.57
OGTi	37,040.66 4.47M	0.56% 207.00

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,625.00	63,045.00 62,390.00	260.00 0.42%
BRENT CRUDE	75.66	77.00 75.52	-1.42 -1.84%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	125.90	125.90 125.90	-0.15 -0.12%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	71.91	73.18 71.77	-1.30 -1.78%
SUGAR #11 WORLD	13.85	13.96 13.82	-0.10 -0.72%