Hong Kong-based port operator Hutchison Port Holdings has committed investment of 240 million U.S. dollars for the development of Pakistan’s Karachi port, the Prime Minister Office said.
The investment will make available a significant amount of new container terminal capacity at the Karachi port, and increase the port operator’s total investment in Pakistan to 1 billion U.S. dollars and employees to 3,000, the office said in a statement.
Group Managing Director Eric Ip, who led a delegation of...