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The Competition Commission of Pakistan (CCP) has approved a pre-merger application for a joint venture between the state-owned National Logistics Corporation (NLC) and the UAE-based DP World. This partnership aims to modernize and boost Pakistan’s logistics sector.
Under an agreement signed in January 2024, DP World will focus on upgrading infrastructure at Qasim International Container Terminal, a key trade gateway in Pakistan.
Moreover, the company is contributing to the Karachi Freight Corridor, a project designed to streamline freight movement from the port city to various regions within the country.
According to a report by the Associated Press of Pakistan (APP), the investment is supported by the Special Investment Facilitation Council (SIFC) and is intended to strengthen Pakistan’s logistics and freight industry while maintaining market competition.
As part of the deal, NLC will hold a 60 percent equity stake in the joint venture, while DP World Logistics FZE (DWLF) will own the remaining 40 percent.
DP World, a global leader in port operations, terminal management, and logistics services with a presence in over 75 countries, is playing a pivotal role in improving Pakistan’s logistics infrastructure through this collaboration.
