US Companies Show Strong Interest in Pakistan’s Port Sector

More than 65 American companies participated in a significant webinar exploring investment and business opportunities at Karachi Port and Port Qasim. The event marks a renewed American interest in Pakistan’s growing maritime industry.

Joint Effort for Economic Collaboration

The online session, part of the “Gateways to Growth: South Asia Port Opportunities” series, was co-hosted by the US Department of Commerce’s International Trade Administration, the US Department of State, and Pakistan’s Ministry of Maritime Affairs.

Direct Engagement With Key Stakeholders

The webinar served as a vital platform for American businesses to directly connect with officials from Port Qasim Authority, Abu Dhabi Ports (Karachi Gateway Terminal Limited operator), and Dubai Ports World (Port Qasim International Container Terminal operator).

American investors have long contributed to Pakistan’s development

US Consul General in Karachi, Scott Erbumm, emphasized the long-standing partnership, noting that the port sector presents new collaborative opportunities. He expressed optimism that this cooperation could boost Pakistan’s port infrastructure and trade ties with the US.

Focus on Infrastructure and Trade

The session highlighted Pakistan’s infrastructure objectives, regulatory environment, and trade goals. It also stressed the importance of public-private partnerships in attracting foreign investment.

The initiative gives American businesses key insights

Ian Hundley, Director at the US International Development Finance Corporation, stated that this effort provides valuable access and insights for US businesses looking to invest in South Asia’s infrastructure growth. He hailed the webinar as a positive step toward stronger US-Pakistan economic cooperation.