Pak’s Blue Economy attracts $20m from ICTSI

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Staff Reporter
Karachi

Pakistan’s Blue Economy is soaring to new heights with conscious efforts of the government and associated stakeholders.

Having formulated policies and programs directed towards strengthening bilateral relations with leading global trade allies, Pakistan’s maritime industry and port infrastructure is navigating positively through its journey of pro-gressive development.

The recent investment influx of USD 20 million from International Container Terminal Services, Inc.

(ICTSI), one of the world’s leading operators and developers of container ports and terminals, will further elevate country’s economy and open new arenas for sustainable business industry.

Pakistan International Container Terminal (PICT), the flagship terminal of ICTSI at Karachi Port, has been rendering value-added services to national and international commercial partners, thereby raising the potential and productivity of sea-borne trade of the country.

PICT has been efficiently handling import and export trade extending sustainable supply chain solutions, particularly dominating the Arabian/ Persian Gulf market, creating ease of doing business and adding value to the journey of economic excellence with due diligence.

The foreign direct investments being received from world leading organisations like ICTSI will not only accelerate marine trade but also will benefit the economy in modernizing infrastructure facilities, bring technological advancements in port opera-tions, up skill trade professionals and attract a host of new foreign trade partners and investors.

This states the fact that Pakistan’s economy has been optimisti in raising the bar of trade excellence, enhancing its presence in the global industry.

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