Pakistan, Saudi Arabia deepen maritime partnership

News Image

MG News | November 27, 2025 at 04:23 PM GMT+05:00

0:00

November 27, 2025 (MLN): Pakistan and Saudi Arabia are moving toward deeper maritime collaboration and enhanced regional connectivity following a high-level meeting held during the International Maritime Organization (IMO) Assembly in London, according to the press release.

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry met with Saudi Minister of Transport Saleh Al Jasser, where both sides reaffirmed their commitment to strengthening ties in shipping, port development, maritime logistics, and technical training.

During the discussion, the two ministers reviewed existing cooperation and explored fresh opportunities for joint ventures that align with Pakistan’s Maritime Vision 2047, an ambitious long-term plan aimed at modernizing national ports, expanding shipping capacity, and attracting foreign investment into Pakistan’s maritime sector.

The Pakistani minister stressed three significant initiatives designed to elevate bilateral maritime engagement.

These included a potential partnership between Pakistan National Shipping Corporation and Saudi Arabia’s Albehri shipping line, expanded business-to-business cooperation among maritime firms from both countries, and a proposed sister-port arrangement between Karachi Port Trust and Jeddah Islamic Port to promote trade facilitation and technical exchange.

The Saudi delegation welcomed Pakistan’s proposals and expressed readiness to move forward by sharing a draft Memorandum of Understanding (MoU) that would formalize long-term maritime cooperation and create an institutional framework for structured collaboration.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 155,511.57
420.21M
4.55%
6768.25
ALLSHR 92,721.58
662.75M
4.09%
3646.62
KSE30 47,156.33
206.60M
4.72%
2124.72
KMI30 225,408.12
190.37M
4.32%
9332.56
KMIALLSHR 60,577.26
399.44M
3.83%
2234.76
BKTi 43,286.39
78.15M
6.37%
2591.83
OGTi 32,400.29
21.42M
3.59%
1121.39
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 68,415.00 69,585.00
67,750.00
380.00
0.56%
BRENT CRUDE 100.19 105.94
98.35
-3.78
-3.64%
RICHARDS BAY COAL MONTHLY 112.50 0.00
0.00
2.10
1.90%
ROTTERDAM COAL MONTHLY 113.75 116.50
113.75
-5.25
-4.41%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 98.91 103.31
96.50
-2.47
-2.44%
SUGAR #11 WORLD 15.24 15.44
15.05
-0.28
-1.80%

Chart of the Day


Latest News
April 01, 2026 at 08:29 PM GMT+05:00

SBP raises Rs829bn through MTBs, PIB auctions


April 01, 2026 at 07:06 PM GMT+05:00

Cement despatches edge up in March 2026


April 01, 2026 at 06:40 PM GMT+05:00

SBP empowers youth with independent banking framework


April 01, 2026 at 06:33 PM GMT+05:00

International gasoil prices retreat after March spike



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg