📌 Key Highlights & Quick Takeaways:
- KARACHI (Economic and Political Bureau): The war between the US and Iran, the security situation in the Middle East and the uncertainty in the St.
- According to port officials, cargo bound for Gulf countries and some transshipment countries began to divert to Pakistani ports in large numbers,.
- However, experts warn that if Pakistan wants to turn this opportunity into a sustainable advantage, it will have to address the challenges of inf.
KARACHI (Economic and Political Bureau): The war between the US and Iran, the security situation in the Middle East and the uncertainty in the Strait of Hormuz have affected the region's traditional maritime trade routes, but the crisis has also created an unexpected opportunity for Pakistan's ports, especially Karachi Port and Port Qasim.
According to port officials, cargo bound for Gulf countries and some transshipment countries began to divert to Pakistani ports in large numbers, resulting in not only an increase in transshipment activities, but Karachi Port Trust also set 'new records' in terms of profit and cargo handling, according to port officials.
However, experts warn that if Pakistan wants to turn this opportunity into a sustainable advantage, it will have to address the challenges of infrastructure, digitalisation and ports.
According to Chairman Karachi Port Trust Rear Admiral (R) Shahid Ahmed, the Strait of Hormuz crisis has again highlighted the importance of Pakistan's geographical location.
