{"id":56383,"date":"2019-10-16T12:57:01","date_gmt":"2019-10-16T07:57:01","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=56383"},"modified":"2019-10-16T17:22:36","modified_gmt":"2019-10-16T12:22:36","slug":"foreign-firm-announces-usd-240-mn-investment-karachi-port-expansion","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/foreign-firm-announces-usd-240-mn-investment-karachi-port-expansion.html","title":{"rendered":"Foreign firm announces USD 240 mn investment for Karachi port expansion"},"content":{"rendered":"<p>Islamabad: One of the world\u2019s leading port operators on Tuesday expressed its intention to invest USD 240 million for facilitating the expansion of the Karachi port, according to news sources.<\/p>\n<p>The organisation, Hutchison Port Holdings, a sub-company of CK Hutchison Holdings, recently sent a delegation, from its headquarters in Hong Kong, under the leadership of the group\u2019s Managing Director (MD) Eric Ip to Pakistan. The MD proposed this initiative during the delegation\u2019s meeting with Prime Minister (PM) Imran Khan.<\/p>\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/us-firm-to-invest-in-port-infrastructure.html\" target=\"_blank\" rel=\"noopener noreferrer\">US firm to invest in port infrastructure<\/a><\/p>\n<p>He said that this investment would increase Karachi port\u2019s cargo-handling capacity. He also announced additional investments of up to USD 1 billion for the project.<\/p>\n<p>The delegation informed the PM that this investment will also increase the number of employees hired by the company to 3,000 people. They reaffirmed their resolve to play a defining role in the promotion of Pakistan\u2019s economic growth, and to facilitate Karachi port\u2019s expansion so that it could become a major Asian trade hub.<\/p>\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/karachi-port-to-have-water-treatment-plants-for-industry.html\" target=\"_blank\" rel=\"noopener noreferrer\">Karachi port to have water treatment plants for industry<\/a><\/p>\n<p>In response, the PM reiterated his commitment towards the development of his government\u2019s <a href=\"https:\/\/www.zameen.com\/news\/simplify-business-laws-regulatory-framework-pm-tells-boi.html\" target=\"_blank\" rel=\"noopener noreferrer\">ease-of-doing-business<\/a> initiative which aims to promote both local and foreign investment activities in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: One of the world\u2019s leading port operators on Tuesday expressed its intention to invest USD 240 million for facilitating the expansion of the Karachi port, according to news sources. The organisation, Hutchison Port Holdings, a sub-company of CK Hutchison Holdings, recently sent a delegation, from its headquarters in Hong Kong, under the leadership of the group\u2019s Managing Director (MD) Eric Ip to Pakistan. The MD proposed this initiative during the delegation\u2019s meeting with Prime Minister (PM) Imran Khan. Read: US firm to invest in port infrastructure He said that this investment would increase Karachi port\u2019s cargo-handling capacity. He also announced additional investments of up to USD 1 billion for the project. The delegation informed the PM that this investment will also increase the number of employees hired by the company to 3,000 people. They reaffirmed their resolve to play a defining role in the promotion of Pakistan\u2019s economic growth, and to facilitate Karachi port\u2019s expansion so that it could become a major Asian trade hub. Read: Karachi port to have water treatment plants for industry In response, the PM reiterated his commitment towards the development of his government\u2019s ease-of-doing-business initiative which aims to promote both local and foreign investment&hellip;<\/p>\n","protected":false},"author":75,"featured_media":47098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[13458],"persona":[],"class_list":{"0":"post-56383","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-foreign-firm-announces-usd-240-mn-investment-for-karachi-port-expansion"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Foreign firm announces USD 240 mn investment for Karachi port expansion - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: One of the world\u2019s leading port operators on Tuesday expressed its intention to invest USD 240 million for facilitating the expansion of the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/foreign-firm-announces-usd-240-mn-investment-karachi-port-expansion.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign firm announces USD 240 mn investment for Karachi port expansion - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: One of the world\u2019s leading port operators on Tuesday expressed its intention to invest USD 240 million for facilitating the expansion of the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/foreign-firm-announces-usd-240-mn-investment-karachi-port-expansion.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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