Close Menu
    Facebook Instagram WhatsApp
    Trending
    • Brush fire in Nevada grows to over 10,500 acres
    • Trump hits back at Canada after retaliatory tariffs announcement
    • Australia Confirms First H5N1 Bird Flu Case in Local Mammal
    • Two rescued after bulk carrier sinks off India
    • Speeding Vehicle Kills Two Youths near Malir Court in Karachi
    • US VP Vance campaigns in hometown with eye on 2028
    • US judge strikes down policy suspending immigrant visa processing for 75 nations
    • MLS fines Messi for striking an opponent
    Facebook WhatsApp
    Monday, August 24
    Finance Pakistan
    Follow
    • Latest

      Brush fire in Nevada grows to over 10,500 acres

      August 23, 2026

      Trump hits back at Canada after retaliatory tariffs announcement

      August 23, 2026

      Australia Confirms First H5N1 Bird Flu Case in Local Mammal

      August 23, 2026

      Two rescued after bulk carrier sinks off India

      August 23, 2026

      Speeding Vehicle Kills Two Youths near Malir Court in Karachi

      August 23, 2026
    • Pakistan

      Imran Khan Names Aliya Hamza Head of PTI Punjab Political Committee

      May 31, 2025

      Senate Committee Examines Electronic Voting System for Overseas Pakistanis

      May 31, 2025

      Imran Khan Signals Willingness for Dialogue and Calls for Direct Talks with Establishment

      May 31, 2025

      Zardari Calls for Dialogue to Strengthen Democracy and Institutions

      May 31, 2025

      International Airlines Resume Flights Over Pakistan While Indian Carriers Stay Banned

      May 31, 2025
    • Business

      Pakistani Rupee Undervalued with Fair Value at 249 per US Dollar, Says Report

      May 31, 2025

      PSX Rally Continues as KSE-100 Nears 120000 Mark on Broad Sector Gains

      May 30, 2025

      Pakistan Stock Exchange Nears 119,000 on Global Boost and Budget Optimism

      May 29, 2025

      KP Faces Fresh Controversy Over Rs33 Billion Solar Project Amid Pricing and Tender Irregularities

      May 28, 2025

      PSX Recovers Slightly After Sharp Drop Gains 112 Points Amid Cautious Trading

      May 27, 2025
    • Tech

      Elon Musk’s company SpaceX to launch space-based mobile call service

      January 2, 2025
    • Sports

      Haris Rauf Shines in ESPN Cricinfo’s Selection of ODI Team 2024

      January 1, 2025
    • Entertainment
    • World

      China Backs Dialogue and Mediation for Peaceful Resolution of International Disputes

      May 31, 2025

      China Says Its Export Controls Follow International Norms and Are Not Targeted

      May 31, 2025

      Chinese Foreign Minister Urges Building China Pacific Island Countries Community with Shared Future

      May 30, 2025

      Prince William’s Private Trips Reveal Commitment to Duchy Amid Growing Royal Duties

      May 30, 2025

      Chinese Foreign Minister and Tonga’s Crown Prince Emphasize Strong Bilateral Ties and Mutual Support

      May 29, 2025
    Follow
    Facebook WhatsApp
    Finance Pakistan
    • Latest
    • Pakistan
    • Business
    • Tech
    • Sports
    • Entertainment
    • World

    China eyes 1,000-acre maritime hub at Port Qasim to revive Pakistan’s shipbuilding

    Latest August 29, 20250 Views
    Facebook WhatsApp LinkedIn Telegram Copy Link
    China eyes 1,000-acre maritime hub at Port Qasim to revive Pakistan’s shipbuilding
    Share
    Facebook WhatsApp LinkedIn Telegram Copy Link

    China eyes 1,000-acre maritime hub at Port Qasim to revive Pakistan’s shipbuilding

    Pakistan is set to offer 1,000 acres of land near Port Qasim to Chinese investors for the creation of an Integrated Maritime Industrial Complex, in what officials describe as the largest single investment in the country’s maritime sector to date.

    Technical Advisor to the Ministry of Maritime Affairs, Jawad Akhtar, told Wealth Pakistan that the ambitious project would transform the nation’s shipbuilding and recycling capabilities through robotic and technology-driven systems, ending reliance on outdated shipbreaking practices that have long dominated Gadani.

    “At one time, Gadani was number one in the world for shipbreaking, but today it has fallen behind due to obsolete methods. This project will revive that glory,” Akhtar said.

    According to him, the new complex will consolidate multiple maritime activities under one roof, including shipbuilding, shipbreaking, repair and maintenance, and recycling. Large docks are planned for modern dismantling and recycling operations, while re-rolling mills will be installed to process melted ship steel directly on-site.

    Pakistan currently relies on imports of ship-grade steel due to limited domestic production. Once operational, the new facilities are expected to help the country meet its own demand, thereby saving precious foreign exchange.

    Akhtar highlighted the scale of the technological leap, noting that the complex would enable the production of vessels seven to eight times larger than those built in Pakistan today. “Not only will the vessels be bigger, but the production timeline will also shrink by nearly 70 percent, with completion possible within a year,” he said.

    He further stressed that the project is more than just an infrastructure development. “It is the revival of Pakistan’s blue economy, positioning the country as both a regional hub and a global player in shipbuilding, recycling, and repair,” he underlined.

    “This is the first investment of this scale by a single company in Pakistan’s maritime sector, and once complete, it will fundamentally transform our capabilities, placing Pakistan on the global shipbuilding map,” Akhtar added.

    The post China eyes 1,000-acre maritime hub at Port Qasim to revive Pakistan’s shipbuilding appeared first on Profit by Pakistan Today.

    Follow on Facebook Follow on WhatsApp
    Share. Facebook WhatsApp Telegram LinkedIn Copy Link
    Previous ArticlePakistan, Russia discuss local insulin manufacturing project
    Next Article Power Division races to restore electricity in flood-hit areas
    Add A Comment

    Comments are closed.

    Gold Price in Pakistan

    1 Tola Gold: Rs. 2,99,600

    See Details
    You may Like

    Brush fire in Nevada grows to over 10,500 acres

    Latest

    Trump hits back at Canada after retaliatory tariffs announcement

    August 23, 2026

    Australia Confirms First H5N1 Bird Flu Case in Local Mammal

    August 23, 2026

    Two rescued after bulk carrier sinks off India

    August 23, 2026

    Speeding Vehicle Kills Two Youths near Malir Court in Karachi

    August 23, 2026
    © 2026 Finance Pakistan | Developed By Webmicron.
    • Terms
    • Contact Us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.