Karachi Port to Accelerate Economic Growth: Abdullah Zaki

Karachi (Staff Reporter): Prominent businessman, former President of the Karachi Chamber of Commerce and Industry (KCCI), and Director of Karachi Port Trust (KPT), Abdullah Zaki, has stated that evolving global dynamics and shifting international trade routes are positioning Karachi Port as a key regional shipping hub, significantly benefiting Pakistan’s economy.

In his statement, he noted that although war and global tensions are never desirable, the current geopolitical situation has led to notable changes in shipping routes. As a result, a growing number of container vessels are now offloading cargo at Karachi before heading to other destinations. This development, he said, has strengthened Pakistan’s economy and enhanced the strategic importance of Karachi Port Trust.

Zaki highlighted that port performance and profitability are expected to see substantial growth. Given current economic trends, he remarked that revenues which previously took a year to generate could now be achieved in a much shorter time frame.

He further observed that global confidence in Pakistan is gradually being restored, with several countries particularly China, Türkiye, and others exploring investment opportunities in the country. According to him, the ongoing economic environment has also slowed capital flight, encouraging investors to redirect their focus toward domestic opportunities, thereby improving prospects for foreign direct investment (FDI).

Zaki revealed that several major international shipping and logistics groups are keen to expand their presence in Pakistan. Initial contacts and virtual meetings with foreign companies have already taken place, and he expressed optimism that once conditions stabilize further, a new wave of investment could begin.

He emphasized that expansion plans for Karachi Port and improvements in port infrastructure will not only increase KPT’s revenue but also boost industrial and commercial activities nationwide. Abdullah Zaki concluded by expressing hope that Pakistan is on the verge of entering a new phase of economic stability and industrial growth.