Nishat investing in Pakistan's infrastructure
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Projects beyond finance Beyond banking, Mansha is shoring up huge quantities of capital needed to fulfil his aim of becoming the country’s largest power generator and infrastructure provider. First up: two new, blue-water port facilities on the Balochistan coast west of Karachi. The two ports, the first at Gaddani and the second at Khalifa Point, will together cost a minimum $5 billion. "We’re going to push the harbours there two miles inland, and bring in freighters loaded with coal to power our generators," says Mansha. About $3 billion will be raised from debt markets and the remainder from international equity markets, he says.
A significant chunk of the capital will be provided, Mansha hopes, by three multilaterals: the World Bank; its private sector arm, the International Finance Corp; and the European Bank for Reconstruction and Development.