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Hutchison Ports, one of the world’s leading port networks, presented its $1 billion investment plan to Finance Minister Muhammad Aurangzeb on Friday for the modernization of Pakistan’s port infrastructure.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, recently convened with a high-level delegation from Hutchison Ports, led by Andy Tsoi, Managing Director of the Middle East & Africa Division, says an official release of the Finance Ministry.
The meeting focused on Hutchison Ports’ longstanding 25-year presence in Pakistan, where they operate two pivotal terminals—HPKICT and HPSAPT. Throughout this period, the company has made significant contributions, surpassing Rs 225 billion in government revenues and providing employment to 5,000 individuals.
The delegation outlined Hutchison Ports’ forthcoming investment plan totaling US$ one billion, designed to upgrade existing terminals for improved operational efficiency, logistics connectivity, and automation.
This investment encompasses infrastructure enhancements, road upgrades to facilitate seamless cargo movement, the transformation of HPKICT into an advanced automated terminal, and the establishment of a 52-hectare logistics park to bolster trade connections.
Planned automation upgrades include remote quay cranes, automated RTGs, electric trucks, and digitalized gate operations. Furthermore, the initiative includes comprehensive training programs for maritime professionals in port operations, management, and AI applications.
The delegation emphasized that their investment is projected to generate US$ 4 billion in revenue over the next 25 years through royalties, rents, and tax contributions.
Senator Muhammad Aurangzeb commended Hutchison Ports for their steadfast commitment to Pakistan’s maritime sector and acknowledged their pivotal role in enhancing trade and economic activities.
He assured the delegation of the government’s unwavering support in fostering a conducive business environment to attract foreign investments. Senator Aurangzeb reaffirmed the government’s dedication to supporting strategic investments that foster Pakistan’s economic growth and infrastructure development.
