Mansha's Nishat Group to invest in Pakistan's new port

Nishat Group, one of Pakistan’s largest business conglomerates, has expressed its willingness to invest in the development of Pakistan’s proposed new port.

The development came following a meeting between Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and the group’s chairman, Mian Muhammad Mansha, read a statement on Friday.

During the meeting, the minister emphasised the importance of greater private-sector participation in mobilising investment, introducing modern technologies and expanding the country’s port infrastructure.

He said the development of additional port facilities was strategically important for strengthening Pakistan’s maritime economy, improving trade connectivity and enhancing its capacity to handle growing cargo volumes.

The minister said the government was committed to creating a business-friendly environment and facilitating domestic and foreign investors interested in exploring opportunities in the maritime sector.

Mian Muhammad Mansha, one of the richest persons in the country, expressed interest and agreed to explore investment opportunities in the new port, signalling the potential for public-private collaboration in expanding Pakistan’s maritime infrastructure to facilitate export-oriented industries of the country and tap Pakistan’s real export potential.

Junaid Chaudhry said the development of another port would open new avenues for economic growth, create employment opportunities and strengthen Pakistan’s position as a regional trade and logistics hub.