Karachi Pakistan : Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh has said that foreign investment is being encouraged in Pakistan, the investment of $25 million from friendly country Denmark is a sign of confidence, he was speaking as the chief guest at a dinner after the inauguration of the International Cargo Terminal Private Limited established in Port Qasim at a local hotel.
On this occasion, Danish Ambassador to Pakistan Jakob Linulf, ICT Senior Vice President Syed Imdad Hussain Jafri, Managing Director Asim Saeed Khan, Morten Jaepelt, and others also spoke. Shields were presented to the chief guest and others in the ceremony.
Senior Muslim League leader Kanwar Qutbuddin and a large number of people from the business community attended the ceremony.
Mr. Jakob Linulf, Ambassador of Denmark receiving souvenir from Mr. Morten Jaepelt, Chairman Scan – Group.
The Federal Minister, while addressing the gathering, said that 90 percent of goods in Pakistan are transported by sea, which is why Pakistan is of great importance to the region. He said that Central Asian countries can use Pakistan’s sea route for their trade, Port Qasim is an institution that earned an income of Rs 42 billion last year and under the guidance of Prime Minister Shahbaz Sharif, the government is working day and night to improve the country’s economy.
”Today the 4,000 container capacity has been converted to 22,000 containers, we want Gwadar Port to have a 60 percent share in Pakistan’s import and export”. The Federal Minister said that in the coming time, 500 ships may come to Gadani for scrapping, and the Pakistanis living abroad have sent 35 percent increased remittances last year, the conditions are favorable for investment in the country and investors have unrestricted investment opportunities.
The Danish Ambassador Mr. Jakob Linulf, said in his speech that the International Cargo Terminal project is a timeless example of long-standing friendship and trust between the two countries, we will invest more in the future. ”I have visited different cities of Pakistan, Karachi is a very beautiful city, the people here are also very good”. There is a 75-year friendship between Pakistan and Denmark and Pakistan is a safe country for investment said Envoy.
Syed Imdad Hussain Jafri, said that the project that has been set up also has a solar system, which sends a message that Pakistan is making great efforts for alternative and green energy. We are fully aware of the challenges of climate change and are striving for a pollution-free society.
MD ICT Asim Saeed Khan thanked the guests and said that we are grateful to Denmark for its cooperation, and we will try to establish as many projects as possible in future.
