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Effects of coronavirus on the shipping and insurance industry of Pakistan

Effects of coronavirus on the shipping and insurance industry of Pakistan

The coronavirus has presently affected more than 100,000 persons worldwide. This fast widespread of the virus impacts several business sectors including that of insurance. The pandemic won’t be affecting life insurance in 2020 and as per Moody’s agency estimates, the impact of the pandemic on global reinsurers will be limited, i.e. the consequences will only be significant only at very high levels of gravity. For property and casualty insurance, the …

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The transport woes in Pakistan

The transport woes in Pakistan

While working on the project of building an electronic prime mover, Elon Musk postulated that, “if we drive down the transportation cost, we are destined to achieve greatness.” Whether it is international trade through the high seas or haulage networking amid countries through land, the imperativeness of transportation is pivotal for ripening success. In short, transportation is the life blood of an economic system and it is necessary for it …

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Ports & Shipping scenario

  Ports are considered universally gateway of the country and Pakistan is blessed due to its strategic position, for transit to Afghanistan and Central Asian land locked countries. The Merchant Marine plays a vital role in the economic and industrial development of a country. The founder of Pakistan realising the need of ship’s for newly created Pakistan pursued with Muslim and Parsi entrepreneurs to acquire ship’s under Pak flag firstly …

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Gwadar port not just a port but a global necessity

  Future shipping chain will be uncompleted sans Gwadar With the development of Gwadar Port as a fast track project, it has started catching eyes of the international seafarers due to its strategic location offering transitional shipping facilities in the region including entire landlocked for Central Asian States as well as responding to huge transitional movement between Pakistan and China, which is bound to generate huge economic activities for Pakistan. …

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The containerized shipping industry – where does Pakistan stand?

  The global trends in the shipping industry have drastically changed with containerized cargo shipments taking over the bulk cargos. From cost effectiveness of shipment to increased convenience coupled with the high level of security, the growth in containerized cargo at the Karachi Port has been substantial from 1,590,000 TEUs in the fiscal year 2013-14 to 1,720,000 TEUS in 2014-15. This is an 8.4 percent growth compared to bulk cargo …

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