Pakistan is set to receive around $2 billion in foreign investment to upgrade and expand Port Qasim, one of the country’s key seaports. The money will come from China, Qatar, Turkey (Türkiye), and the UAE over the next 30 years. This long-term plan aims to improve port facilities, strengthen logistics, and build new industrial areas.
Port Qasim Authority Chairman Rear Admiral (Retd.) Moazzam Ilyas shared the details. A major part of the work has already started with a $250 million dredging project. Once finished, the port will be able to handle larger ships with a draft of up to 18 meters. This will increase cargo capacity and make trade easier.
The Reko Diq Mining Company will also invest $150 million at the port. This will support new rail links to bring minerals from the Reko Diq mine in Balochistan to the port for export. As part of the ML-1 railway project, a new rail connection between Pipri and Port Qasim is under construction. This link will also help export Thar coal in the future.
Authorities are working on an integrated transport system that connects sea, rail, and road networks. A new multi-logistics park at Pipri will reduce traffic pressure on Karachi’s roads. Plans are also in place to better connect Port Qasim with Gwadar Port and Karachi Port.
This investment is expected to boost Pakistan’s economy by creating jobs, improving trade efficiency, and attracting more businesses. It shows growing international confidence in Pakistan’s port and infrastructure development.