Shipping firm commits to invest in Pakistan

Minister assures it of level playing field, favourable environment

ISLAMABAD:

Federal Minister for Finance and Revenue Muhammad Aurangzeb on Monday welcomed APM Terminals' commitment to invest in Pakistan and assured full support in facilitating the group and providing them with a level playing field as well as investment-friendly climate.

The minister was talking to APM Terminals Chief Executive Officer Keith Svendsen, according to a press release issued by the finance ministry.

The discussion focused on the progress made following the signing of a memorandum of understanding (MoU) last month between Pakistan and Denmark to enhance bilateral cooperation and accelerate sustainable economic growth through promoting and enhancing green and sustainable public-private partnership (PPP) investment.

Svendsen briefed the minister on APM Terminals' business portfolio and its plans for building port infrastructure in Pakistan for enhanced revenue growth and improvement in regional trade and connectivity.

Separately, the federal finance minister met Turkiye Ambassador Irfan Neziroglu, during which they discussed various aspects of historical and longstanding ties between the two countries, particularly the growing bilateral cooperation in trade, investment and defence.

Aurangzeb highlighted the historical and fraternal bonds and the great potential for enhancing the current volume of bilateral trade between Pakistan and Turkiye.

He said Pakistan could learn from Turkiye's experience of power sector reforms and invited Turkish firms to enter into mutually beneficial joint ventures with Pakistani counterparts.