Pakistan is considering a proposed EUR 1-2 bln (USD 1.17-2.34 bln) integrated maritime industrial complex at Port Qasim, Karachi that could help revive the country’s maritime and heavy industrial sectors, according to a government statement.
The proposal was discussed during a meeting between Federal Minister for Maritime Affairs Muhammad Junaid Chaudhry and a delegation from China’s Shandong Xinxu Group. The planned complex would include three core elements: the revival of the iron ore and coal berth jetty, known as the steel jetty; the development of shipbuilding and shipbreaking facilities; and the establishment of a steel mill integrated with port operations.
The steel jetty was originally designed to handle bulk cargo for Pakistan Steel Mills and can accommodate vessels of 55,000-75,000 deadweight tons. It is linked to the steel plant via a dedicated conveyor system connecting stockyards and blast furnaces.
First unveiled in November 2025 under the “Steel-to-Green Sea” initiative, the project aims to link ship recycling with domestic steel production, reduce import dependence, and increase the use of recyclable materials. If approved, it would rank among the largest recent investments in Pakistan’s maritime and industrial sectors and strengthen Port Qasim’s role as a regional industrial and logistics hub.
1 USD / 0.85 EUR
