Islamabad February 28 2025: Hutchison Ports to invest USD 1 billion aimed at upgrading their existing terminals to enhance operational efficiency, logistics connectivity, and automation.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with a high-level delegation from Hutchison Ports, led by Mr. Andy Tsoi, Managing Director, Middle East & Africa Division. The delegation included Mr. Changsu Kim, CEO, South Asia Pakistan Terminal, Mr. Navaid Qureshi, CEO, Karachi International Container Terminal, and Mr. Taimur Khan Afridi, Head of Government Relations, Hutchison Ports Pakistan.
The delegation briefed the Minister on Hutchison Ports’ 25-year presence in Pakistan, where they have been operating two key terminals—HPKICT and HPSAPT. Over this period, the company has contributed more than PKR 225 billion in government revenues and has provided employment to a workforce of 5,000 individuals.
During the meeting, Hutchison Ports presented their upcoming investment plan of USD 1 billion, aimed at upgrading their existing terminals to enhance operational efficiency, logistics connectivity, and automation. The investment includes infrastructure development, road improvements to facilitate efficient cargo movement, modernization of HPKICT into a cutting-edge automated terminal, and the development of a 52-hectare logistics park to enhance trade connectivity. Additionally, automation upgrades will include remote quay cranes, automated RTGs, electric trucks, and digitalized gate operations, alongside training programs for maritime professionals in port operations, management, and AI applications.
The delegation highlighted that their investment is expected to generate at least USD 4 billion in revenue over the next 25 years through royalty, rent, and tax contributions. They also shared that they have briefed the Special Investment Facilitation Council (SIFC) and the Ministry of Maritime Affairs regarding their plans and requested the Minister’s support for an extension of their operational tenure for another 25 years, emphasizing the long-term benefits of their investment for Pakistan’s economy.
The Finance Minister appreciated Hutchison Ports’ commitment to Pakistan’s maritime sector and acknowledged their significant role in boosting trade and economic activity. He assured them that the government remains committed to fostering a business-friendly environment to attract foreign investment. He reaffirmed the government’s support for strategic investments that contribute to Pakistan’s economic growth and infrastructure development.
