APM Terminals keen to enhance investment, operations in Pakistan

ISLAMABAD: The APM Terminals company sees great potential in the Pakistani market and shows keen interest to enhance its investment and operations to support the country’s trade, affirming confidence in the country’s growth prospects and commitment to its development agenda.

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Keith Svendsen, CEO of APM Terminals accompanied by Ambassador Jakob Linulf, along with representatives from APM Terminals here on Thursday.

The meeting was attended by secretary Maritime Affairs, representatives from APM, and senior officers from the Federal Board of Revenue (FBR) and the Finance Division.

The finance minister commenced the discussion by expressing gratitude to the Danish government for its commitment, notably in the form of the grant for flood-affected communities in 2022 and the $ 3.8 million grant pledged during the Geneva pledges.

He emphasized the need to capitalize on this momentum to further enhance economic ties between the two nations.

The finance minister further apprised the representatives about the government's reform agenda and expressed optimism that Pakistan's reform actions would lead to improved business confidence and attract investments to Pakistan. He also expressed that the government is committed to facilitate an environment conducive to business and is keen to explore opportunities for future projects and investments with APM, particularly in the maritime sector.

Svendsen expressed that APM Terminals is pleased to engage with the Government of Pakistan to discuss the ongoing and future projects in Pakistan. He stated that the company sees great potential in the Pakistani market and is committed to enhance its investment and operations to support the country's trade, affirming confidence in the country's growth prospects and commitment to its development agenda.

Additionally, the matter regarding the need for improvisation in Customs rules and regulations for efficient execution of the maritime affairs in a seamless manner was also discussed. The finance minister assured his support in this regard.

Both sides acknowledged the importance of continuous dialogue and collaboration between public and private sectors to further boost economic ties.

Copyright Business Recorder, 2024