Pakistan is set to receive around $2 billion in new investment to modernize Port Qasim under a long-term development plan.
The investment is expected from the UAE, Türkiye, Qatar and China and will be deployed over the next 30 years to expand port infrastructure, reported a news daily.
A $250 million dredging project has entered its first phase. Once completed, the project will allow ships with a draft of up to 18 metres to dock at the port.
The Reko Diq Mining Company will invest $150 million at Port Qasim as work begins on rail infrastructure to transport minerals from the Reko Diq mine to the port.
As part of the ML-1 railway project, a new rail link is being constructed between Pipri and Port Qasim. The railway is also expected to facilitate future exports of Thar coal.
Authorities are integrating sea, rail and road transport into a unified logistics network to improve cargo movement across the country. The project includes a multi-logistics park at Pipri, which is expected to reduce freight traffic on Karachi’s major road corridors.
Plans are also being developed to connect Gwadar Port, Karachi Port and Port Qasim through an integrated transport system.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
