Pakistani Rail runs off the tracks

Danish Ambassador H.E Jakob Linulf and APM Terminals CEO Keith Svendsen met Pakistani officials to discuss port investments and logistics collaboration.

Framework agreements signed by government officials from Dubai and Pakistan should result in significant improvements in the latter country’s maritime and logistics sectors, potentially resulting in the development of a dedicated freight corridor (DFC) and special economic zone near Pakistan’s largest port Karachi.

The Pakistani Government’s decision to finally grant the port of Gwadar and its free trade zone a 23-year tax holiday should boost investment
levels and lead to substantially more cargo being processed.

A new on dock-rail service connects Karachi and Lahore.

As this edition of WorldCargo News was going to press, it was reported that Pakistan has approached the International Monetary Fund (IMF) for as much as US$10-12B in bailout loans – nearly double the US$6.7B IMF loan it received in the 2013 – to avert another balance of payments crisis.

The country’s position on China’s ‘Belt and Road’ map is driving investment in the region