Ministry of Information and Broadcasting of the Islamic Republic of Pakistan

11/04/2024 | Press release | Distributed by Public on 11/04/2024 09:04

PR No. 32 Qaiser Ahmed Shaikh assured full support to Danish Government and investor

H.E Jackob Linulf, Ambassador of Denmark, called on Federal Minister for Maritime Affairs Qaiser Ahmed Shaikh in order to discuss the practical implications of MoU in maritime sector ahead of Danish Foreign Minister visit. The Minister said that MoU with Maersk Line (Danish company) through Danish Government is a landmark achievement for Pakistan's maritime sector. First time in the history, a company is ready to invest USD 2 Billion in maritime sector. He assured full support to Denmark's Government and investors. Qasier Ahmed Shaikh hope that MoU with Maersk Line turn into agreement on the arrival of Danish Foreign Minister H.E Lars Lokke Rasmussen. The Minister added that government is ready to welcome him because both countries have a long history of brotherly relationship. Moreover, the minister said he directed all ports and relevant authorities of maritime ministry to develop a comprehensive framework for the support of Danish investor (Maersk). The Minister further said that he chaired performance review meeting of port authorities to address the problems before this huge expected foreign investment. He told that the management of all port authorities are working sincerely to facilitate the foreign investors because our ports have potential to contribute 8-10% of GDP. He further said that a mechanism is developed to ensure the transparency of investments in maritime sector. The Federal Minister added that the maritime security of Pakistan is in safe hands, and it has a capacity to ensure the security of foreign investors. He said that through this investment the capacity of ship recycling industry, Pakistan Marine Academy and ports will be on the next level. The Minister thanked to Denmark's government and management of Maersk line company. He also appreciated the role of Ministry of Maritime Affairs, Special Investment Facilitation Council (SIFC) and Ministry of Foreign Affairs in bringing foreign investment in maritime sector.