Port Qasim
Coverage of Port Qasim in the Nexus archive.
- Pakistan removed from risk assessor’s list of dangerous waters: maritime affairs minister
Pakistan and its territorial waters have been removed from the Lloyd’s Market Association’s Joint War Committee (JWC) Listed Areas, reducing war-risk insurance premiums and shipping costs. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry highlighted this as a boost for Pakistani exports and global shipping confidence, achieved through sustained negotiations with Lloyd’s officials.
- Navigating the Hormuz dilemma
The US-Iran conflict has exposed the strategic vulnerability of Arab Gulf states reliant on the Strait of Hormuz for oil exports. Qatar, Bahrain, and Kuwait are most affected, while Saudi Arabia and the UAE have partially mitigated disruptions. Pakistan proposes offering oil and gas storage facilities to Gulf states to ensure energy security during future Hormuz closures.