ghazi52
THINK TANK: CONSULTANT
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Safe haven
Mohammad Rajpar, chairman of the Pakistan Ship’s Agents Association, told Anadolu that Karachi’s ports had become a “safe haven” and “temporary storage hub” for regional trade.
He said Karachi Port handled around 75% of the redirected cargo, with the remaining 25% processed at Bin Qasim.
The surge was so significant that the port's operations continued even on Eidul Fitr for the first time in the its 172-year history.
Rising insurance premiums have played a key role in the shift.
The risk premium and insurance cost for delivery inside the Persian Gulf is four times higher than for Pakistan, Rajpar said.
“It’s a great opportunity for us to become a permanent regional transshipment hub, like Salala and Jebel Ali ports, as we have the capacity,” he said.
Currently, Pakistani ports are handling 3.8 million containers annually compared to a capacity to handle 6m containers per year, Rajpar said.
Mohammad Rajpar, chairman of the Pakistan Ship’s Agents Association, told Anadolu that Karachi’s ports had become a “safe haven” and “temporary storage hub” for regional trade.
He said Karachi Port handled around 75% of the redirected cargo, with the remaining 25% processed at Bin Qasim.
The surge was so significant that the port's operations continued even on Eidul Fitr for the first time in the its 172-year history.
Rising insurance premiums have played a key role in the shift.
The risk premium and insurance cost for delivery inside the Persian Gulf is four times higher than for Pakistan, Rajpar said.
“It’s a great opportunity for us to become a permanent regional transshipment hub, like Salala and Jebel Ali ports, as we have the capacity,” he said.
Currently, Pakistani ports are handling 3.8 million containers annually compared to a capacity to handle 6m containers per year, Rajpar said.


