Finance Minister Muhammad Aurangzeb has assured Hutchison Ports of the government’s support for strategic investments that contribute to Pakistan’s economic growth and infrastructure development.
During a meeting on Friday, a delegation of the multinational company briefed the minister on its key terminals in Pakistan—the South Asia Pakistan Terminal and the Karachi International Container Terminal. It noted that in the 25 years the company has operated in the country, it has contributed over Rs. 225 billion in government revenues, providing employment to 5,000 individuals.
The delegation shared their company’s upcoming investment plan of $1 billion, aimed at upgrading the existing terminals to enhance operational efficiency, logistics connectivity, and automation. The investment would include infrastructure development, road improvements to facilitate efficient cargo movement, modernization of the Container Terminal into a cutting-edge automated terminal, and the development of a 52-hectare logistics park to enhance trade connectivity.
Additionally, automation upgrades will include remote quay cranes, automated RTGs, electric trucks, and digitalized gate operations, alongside training programs for maritime professionals in port operations, management, and A.I. applications.
The delegation highlighted that their investment is expected to generate at least $4 billion in revenue over the next 25 years through royalty, rent, and tax contributions.
Appreciating Hutchison Ports’ commitment to Pakistan’s maritime sector, Aurangzeb acknowledged their significant role in boosting trade and economic activity. He assured them that the government remains committed to fostering a business-friendly environment to attract foreign investment.