Hong Kong Based Port Operator Group To Invest $240 million in Pakistan
A Hong Kong based port operator group Hutchison Port Holdings is all set to make a fresh investment of $240 million dollars (Rs38 billion). This was told by Group Managing Director Mr. Eric Ip during a meeting with Prime Minister Imran Khan in Islamabad. The new investment of 240 million US dollars will take the total investment of the group in Pakistan to $1 billion dollars.
Furthermore, the new investment will also help in providing more jobs to Pakistani people. Group Managing Director Mr. Eric Ip stated that the group’s total work force will go upto 3,000 in the country with the latest investment. Prime Minister Imran Khan welcomed Hutchison Port Holdings latest investment in Pakistan. The Prime Minister reaffirmed government’s commitment to providing every sort of relief to foreign investors in the country.
Prime Minister Imran Khan welcomes USD 240 million foreign investment from Hong Kong based port operator, Hutchison Port Holdings.
A delegation of Hutchison Port Holdings led by their Group Managing Director Mr. Eric Ip called on Prime Minister Imran Khan today. pic.twitter.com/rwcxNC3cgW
— Govt of Pakistan (@pid_gov) October 15, 2019
The meeting was also attended by Minister for Maritime Affairs, Syed Ali Haider Zaidi, Adviser to PM on Commerce Abdul Razaq Dawood, Special Assistant to PM Syed Zulfiqar Abbas Bukhari, Ambassador at Large for Foreign Investment Ali Jehangir Siddiqui, Chairman Board of Investment (BoI) Zubair Haider Gilani and other senior officials.
Hutchison Port Holdings is multi-national port companies with over 30,000 employees. The company operates in 52 ports and terminals in 27 countries across Asia, Middle East, Africa, Europe, the Americas and Australia with its headquarters based in Hong Kong. Talking on the occasion Ambassador Ali Jehangir Siddiqui stated that this investment will help in supporting Pakistan’s export competitiveness. He went on to add that it will also bring great revenue for both federal exchequer and Karachi Port Trust.