Pakistan for swift execution of $1bn port modernization investment

March 20, 2025 (MLN): To enhance trade and maritime capabilities, Pakistan is set to accelerate its $1 billion port modernization investment through fast-tracking approvals, removing bottlenecks, and implementing automation and green port solutions to ensure sustainable operations.

This was discussed in a meeting of Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry with Andy Tsoi, Managing Director of Hutchison Port Holdings Limited. 

The investment, led by Hutchison Port Holdings Limited, is focused on upgrading Karachi International Container Terminal (KICT) and South Asia Pakistan Terminals Limited (SAPT).

Plans include deploying advanced port equipment, electrifying operations, and improving road connectivity to streamline logistics.

During discussions, both sides emphasized the importance of regulatory clearances and supply chain improvements. To ensure smooth execution, a working group will be established to monitor progress and address emerging challenges.

Government officials assured Hutchison Ports of full support in resolving operational hurdles and fostering a favourable investment climate. Beyond port expansion, Pakistan also highlighted its untapped maritime tourism potential, inviting collaboration on cruise tourism, eco-tourism, and waterfront development.

Hutchison Ports reaffirmed its long-term commitment to Pakistan, stressing the need for continuous engagement to keep the project on track.

The meeting concluded with a mutual commitment to strengthening Pakistan’s role in global trade and unlocking new opportunities in the maritime sector.

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