Pakistan’s Investment Surge: Maersk & Abu Dhabi Ports Boost Karachi’s Maritime Sector
August 17, 2024
According to a state-owned news agency, the investment in this project will contribute to infrastructure development and economic improvement. In this regard, Minister for Maritime Affairs Qaiser Ahmed Sheikh will visit Denmark this month for the signing of a Memorandum of Understanding (MoU) between Maersk Shipping Company and Karachi Port Trust. Maersk keen to increase […]
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Pakistan receives $370 million in debt relief from Japan
May 16, 2021
Tokyo and Islamabad agreed on debt deferral; amounting to Japanese yen 40 billion (approximately $370 million) for making fiscal space to fight against Covid-19 in Pakistan. Secondly, According to an official statement; this is in line with the G20; Debt Service Suspension Initiative (DSSI) decided on April 15, 2020; and the memorandum of understanding (MoU) […]
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