Mansha’s Nishat Group eyes investment in Pakistan’s proposed new port

Nishat Group has expressed willingness to invest in Pakistan’s proposed new port, with its chairman, Mian Muhammad Mansha, agreeing to explore opportunities in the project during talks with Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry.

A statement issued on Friday outlined the discussions between the minister and Mansha, who heads one of Pakistan’s largest business conglomerates and is among the country’s wealthiest people. His interest raises the prospect of cooperation between the government and private business in expanding maritime infrastructure.

During the meeting, Chaudhry called for a larger role for private companies in developing the country’s ports. He said their participation was important to attract investment, bring in modern technology and expand port infrastructure.

The minister described additional port facilities as strategically important for Pakistan’s maritime economy. He said expanding those facilities would improve trade connections and increase the country’s ability to handle rising cargo volumes.

Chaudhry also said the government was committed to an environment that supported business. That commitment included facilitating both Pakistani and overseas investors seeking opportunities in the maritime sector.

Mansha’s agreement to examine investment opportunities was linked to the potential for public-private cooperation on infrastructure serving Pakistan’s export-oriented industries. The expansion was presented as a way to help the country realise more of its export potential.

Chaudhry said another port would create opportunities for economic growth and employment. He also argued that it would strengthen Pakistan’s standing as a regional centre for trade and logistics.

Nishat Group’s investment interests have also included the automotive sector.