{"id":43977,"date":"2024-08-06T11:38:05","date_gmt":"2024-08-06T06:38:05","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=43977"},"modified":"2024-08-06T11:42:32","modified_gmt":"2024-08-06T06:42:32","slug":"federal-govt-eye-2b-investment-deal-with-maersk","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/federal-govt-eye-2b-investment-deal-with-maersk\/","title":{"rendered":"Federal govt eyes $2b investment deal with Maersk"},"content":{"rendered":"<p>KARACHI: <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/federal-govt-plans-to-raise-sales-tax-on-tractors\/\">Federal Minister for Maritime Affairs<\/a> Qaiser Ahmed Sheikh has announced plans to visit Denmark this month to sign a memorandum of understanding with Maersk, a leading European shipping company, which is set to invest $2 billion.<\/p>\n<p>Sheikh revealed that Maersk will begin its <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/ihc-orders-details-of-bushra-bibi-case-on-ongoing-may-9-investigation\/\">investment in October 2024,<\/a> focusing on areas such as infrastructure, terminals, warehousing, and shipbreaking, aiming to transform Karachi into a major transshipment hub.<\/p>\n<p>Additionally, he highlighted Karachi&#8217;s potential as Pakistan&#8217;s key hub for boosting exports and emphasized that while the maritime affairs ministry is working to create a favorable environment, the business community also needs to contribute.<\/p>\n<p>Moreover, to promote investment in the maritime sector, the government has removed sales tax on processing plants, fishery seeds, and feed in this year&#8217;s budget. Sheikh also offered to provide land for establishing processing plants dedicated to marine exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh has announced plans to visit Denmark this month to sign a memorandum of understanding with Maersk, a leading European shipping company, which is set to invest $2 billion. Sheikh revealed that Maersk will begin its investment in October 2024, focusing on areas such as infrastructure, terminals, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":43979,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[20126,13298,20125],"class_list":["post-43977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan","tag-european-shipping","tag-karachi-port","tag-maersk-line"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/43977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=43977"}],"version-history":[{"count":4,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/43977\/revisions"}],"predecessor-version":[{"id":43986,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/43977\/revisions\/43986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/43979"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=43977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=43977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=43977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}