Pakistan Trade Faces Delays and Higher Costs as Strait of Hormuz Disruption Hits Shipping Routes
Escalating Middle East conflict and closure of the Strait of Hormuz are causing delays, higher freight charges, and increased insurance costs for Pakistan’s trade, with major shipping lines halting services and imposing contingency surcharges.
OGRA Orders Fuel Stockpiling as Middle East Conflict Raises Energy Security Concerns for Pakistan
OGRA directs refineries and oil marketing companies to maintain higher petroleum reserves amid escalating Middle East tensions involving the US, Israel, and Iran, as Pakistan moves to safeguard energy supply.