Nishat Group Considers Investment in Pakistan's Proposed New Port

Pakistan's push to expand its maritime infrastructure has drawn interest from one of the country's largest conglomerates. Nishat Group Chairman Mian Muhammad Mansha has agreed to explore investment opportunities in a proposed port project, according to Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry.

The development came after a meeting between the minister and Mansha on Friday, where discussions centered on increasing private-sector participation in expanding Pakistan's port capacity. Mansha expressed interest in the project and committed to examining potential investment avenues, suggesting a possible public-private partnership in the maritime sector.

The proposed port is expected to support export-oriented industries and help Pakistan better utilize its export potential. Minister Chaudhry noted that developing another port could spur economic growth, create jobs, and reinforce Pakistan's role as a regional trade and logistics hub.

Chaudhry emphasized the need for greater private-sector involvement to mobilize investment, introduce modern technologies, and expand port infrastructure. He said additional port facilities are strategically important for strengthening the maritime economy, improving trade connectivity, and handling rising cargo volumes.

The government, he added, is committed to creating a business-friendly environment and facilitating both domestic and foreign investors interested in maritime opportunities.