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

Nishat Group has indicated that it is willing to invest in developing a proposed port in Pakistan, Business Recorder reported on November 13. The interest emerged after Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry met group chairman Mian Muhammad Mansha. Mansha said the group would examine possible investment opportunities in the project.

The minister called for greater private-sector involvement to bring in capital and modern technology, and to extend the country’s port facilities. He said another port could support trade links, handle rising cargo volumes, create jobs and contribute to economic growth. The government also says it wants to facilitate domestic and foreign investors considering maritime-sector projects, while the proposed development could support export-oriented industries.