Mansha's Nishat Group to invest in Pakistan's new port

The Nishat Group, a major business conglomerate in Pakistan, has indicated its interest in investing in the construction of the country's new port. This potential investment comes after a meeting between Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and the group's chairman, Mian Muhammad Mansha. During the discussion, the minister stressed the significance of private-sector involvement in driving investment, adopting modern technologies, and expanding Pakistan's port infrastructure.

He highlighted that developing additional port facilities is crucial for bolstering the nation's maritime economy, boosting trade connectivity, and increasing the country's ability to manage growing cargo volumes. Chaudhry also mentioned that the government is dedicated to establishing a business-friendly atmosphere and supporting both domestic and foreign investors interested in the maritime sector.

In response, Mian Muhammad Mansha, one of Pakistan's wealthiest individuals, expressed willingness to explore investment opportunities in the new port, indicating the potential for a public-private partnership to enhance Pakistan's maritime infrastructure, promote export-oriented industries, and capitalize on the country's export potential.

Chaudhry added that the establishment of another port could generate new avenues for economic growth, create employment opportunities, and reinforce Pakistan's position as a regional trade and logistics center.