Nishat Group Expresses Interest in Investing in Pakistan’s Proposed New Port

Nishat Group, one of Pakistan’s largest business conglomerates, has expressed interest in investing in the country’s proposed new port.

The development followed a meeting between Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Nishat Group Chairman Mian Muhammad Mansha, according to a statement issued on Friday.

During the meeting, the minister highlighted the need for greater private-sector participation in Pakistan’s maritime sector. He said private investment could help mobilise capital, introduce modern technologies and expand port infrastructure.

New Port Seen as Key to Trade Expansion

Chaudhry said additional port facilities were strategically important for strengthening Pakistan’s maritime economy. He also highlighted their role in improving trade connectivity and handling growing cargo volumes.

PSX Gains Over 1,000 Points in Early Friday Trading

The government, he added, was committed to creating a business-friendly environment. It would also facilitate domestic and foreign investors interested in opportunities across the maritime sector.

Mansha expressed interest in the proposed project and agreed to explore potential investment opportunities. His response signals the possibility of public-private collaboration to expand Pakistan’s maritime infrastructure.

Investment Could Support Export-Oriented Industries

The proposed port could help facilitate export-oriented industries and enable Pakistan to tap its export potential, the statement said.

Chaudhry said another port would create new opportunities for economic growth and employment. It would also strengthen Pakistan’s position as a regional trade and logistics hub.