Hong Kong-based Hutchison Port Holdings to invest $240 million in Pakistan

ISLAMABAD, Pakistan: The Hong Kong-based Port Operator Hutchison Port Holdings will invest in Pakistan approximating US$ 240 million that will increase the group’s total investment in Pakistan to US$ one billion.

Hutchison Port Holdings is one of the world’s largest Port Companies with over 30,000 employees, operating 52 ports and terminals in 27 Countries spanning Asia, the Middle East, Africa, Europe, the Americas and Australia.

In a meeting with a delegation of Hutchison Port Holdings which led by its Managing Director Mr. Eric Ip met him in Islamabad on Tuesday, Prime Minister Imran Khan welcomed the foreign investment of worth US$ 240 million to Pakistan from the group.

The prime minister was informed that this investment will also grow Hutchison employees to 3,000 people.

Imran Khan was also briefed about the development of Hutchison Port Holdings, its parent company CK Hutchison Holdings, and the group’s commitment to play a pivotal role in facilitating the economic growth of Pakistan. It will also support development of Karachi Port into a major hub for trade in Asia.

In his remarks, Imran Khan reiterated his government’s commitment to facilitate investment and ease-of-doing-business for economic growth and employment generation.

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