China to invest $800 Million in Pakistan’s Sea-to-Steel Maritime Project at Port Qasim
A Chinese firm is set to invest $800 million in Pakistan to implement the Integrated Maritime Industrial Complex (IMIC) project, which includes a comprehensive sea-to-steel initiative at Port Qasim, along with shipbreaking and maintenance facilities. The investment aims to modernize Pakistan’s maritime and industrial infrastructure, reviving Pakistan Steel Mills (PSM) and the Iron Ore and Coal Berth, which has been abandoned for over 12 years.
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