Pakistan is set to upgrade its national shipping fleet by 600% over the next three years, to improve efficiency, cut freight costs, and adopt cleaner maritime technologies. Pakistan’s Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, made the expansion announcement on Tuesday.
The move is part of a wider strategy to improve maritime infrastructure and enhance the country’s role in regional trade with a focus on incorporating greener technologies and energy-efficient vessels into the state-owned fleet.
Speaking at a high-level meeting, Chaudhry said the project reflects Pakistan’s long-term vision for the maritime sector.
“This initiative reflects our broader vision to modernize the maritime sector, boost operational efficiency, and introduce advanced technologies across all institutions,” he said.
The minister explained that the fleet expansion is expected to reduce Pakistan’s sea freight bills and help conserve foreign exchange reserves. He also emphasised the environmental aspect of the effort, which focuses on developing a more energy-efficient and climate-resilient maritime system.
Chaudhry added that future acquisitions will prioritise greener technologies and energy-efficient vessels for the state-owned fleet, in line with the country’s commitment to climate-smart growth.
Pakistan has been seeking to revitalise its maritime capabilities in recent years, with ports such as Karachi and Gwadar playing an increasingly important role in trade through the Arabian Sea. The government has also faced growing pressure to reduce the country’s reliance on foreign shipping lines and cut freight costs that weigh on its balance of payments.
Fighting between Thailand and Cambodia entered its fourth day on Thursday as both sides waited for a promised telephone call from U.S. President Donal...
U.S. President Donald Trump revealed on Wednesday that an announcement regarding the world leaders who will serve on the Gaza Board of Peace is expect...
The United States has signed significant health cooperation agreements with Uganda and Lesotho, further strengthening bilateral relations and advancin...
Ukraine has agreed on key elements of a post-war reconstruction plan in talks with Jared Kushner and other top U.S. officials, President Volodymyr Zel...
Ukrainian President Volodymyr Zelenskyy is facing growing international pressure to hold elections, with voices from both the United States and Europe...
China’s Ministry of Foreign Affairs has urged Afghanistan and Pakistan to resolve their tensions through dialogue and engagement, as it pledged to work with the international community to help improve relations between the two countries.
China’s Ministry of Foreign Affairs has urged Afghanistan and Pakistan to resolve their tensions through dialogue and engagement.
The International Monetary Fund's (IMF) executive board approved Pakistan’s latest loan review on Monday, unlocking a critical $1.2 billion in financial support, ensuring that the country’s ongoing IMF program remains on track.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 6th of December, covering the latest developments you need to know.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementation of the 2023 Beijing Agreement which resulted in resumption of their diplomatic relations after eight years.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
Fighting between Thailand and Cambodia entered its fourth day on Thursday as both sides waited for a promised telephone call from U.S. President Donald Trump, who says he believes he can again end the conflict between the two Southeast Asian nations.
U.S. President Donald Trump revealed on Wednesday that an announcement regarding the world leaders who will serve on the Gaza Board of Peace is expected early next year.
The United States has signed significant health cooperation agreements with Uganda and Lesotho, further strengthening bilateral relations and advancing global health initiatives, the U.S. State Department announced on Wednesday.
Ukraine has agreed on key elements of a post-war reconstruction plan in talks with Jared Kushner and other top U.S. officials, President Volodymyr Zelenskyy said on Wednesday, during ongoing efforts to reach a settlement in the nearly four-year war.
Ukrainian President Volodymyr Zelenskyy is facing growing international pressure to hold elections, with voices from both the United States and Europe highlighting the issue, even as the country remains in the midst of a protracted conflict with Russia
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment