PM seeks to position Pakistan as key regional trade corridor

Prime Minister Muhammad Shehbaz Sharif on Tuesday said it was essential to establish Pakistan as a reliable and effective economic corridor for transit trade in the region to ensure development of the national economy. The prime minister, in a meeting with Robert Maersk, Chairman of the Board of Directors of the global shipping company A P Moller – Maersk, welcomed the global shipping company's investment of $2 billion in the country, a PM Office news release said. PM Sharif directed the formation of a technical working group to expedite the process of forming a partnership agreement in the maritime sector with the global shipping company. He also directed the authorities concerned to ensure that the memorandums signed with A P Moller – Maersk in the previous year should be transformed into agreements as soon as possible.