LMA removes Pakistan from high-risk maritime zone, cutting shipping costs

The Lloyd’s Market Association (LMA) has removed Pakistan's territorial waters from its high-risk maritime zone list. This move is set to significantly reduce war-risk insurance premiums and shipping costs, enhancing Pakistan's export competitiveness and making its ports more attractive to global shipping and investors. Federal Minister Muhammad Junaid Anwar Chaudhry hailed this as a historic achievement for the nation's trade. This positive economic development could strengthen the Pakistani Rupee against the US Dollar, potentially influencing local gold prices.

بحوالہ / Source: www.brecorder.com