Pakistan removed from risk assessor’s list of dangerous waters: maritime affairs minister

ISLAMABAD: Pakistan and its territorial waters have been removed from the Listed Areas of the Lloyd’s Market Association’s Joint War Committee (JWC), it emerged on Thursday, a move that will help reduce war-risk insurance premiums and shipping costs. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry welcomed the decision and said it would improve the competitiveness of Pakistani exports and strengthen the confidence of international shipping companies, traders and investors...

By none@none.com (Kalbe Ali)