• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Thursday, April 9, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Cabinet approves Gwadar-Oman ferry service

November 14, 2025
in Business & Finance
Cabinet approves Gwadar-Oman ferry service
Share on FacebookShare on TwitterWhatsapp

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Friday announced that the federal cabinet has approved the launch of a passenger and cargo ferry service between Pakistan and Oman.

Both countries would soon sign a Memorandum of Understanding to formalise the ferry link, and an Omani delegation will visit Pakistan soon to finalise the arrangements, Chaudhry said in a statement.

“The initiative follows a high-level meeting in July 2025 between Chaudhry and Oman’s Ambassador Fahad bin Sulaiman bin Khalaf Al Kharusi in Islamabad, where both sides discussed ways to enhance economic and maritime collaboration,” read the statement.

Back then, Chaudhry said that Pakistan stands to earn an estimated $10–15 billion annually through maritime operations linked to a proposed ferry service between Gwadar and Oman.

Meanwhile, on Friday, the minister projected that Gwadar’s annual export revenue is forecast to exceed $850 million, generated primarily by $645 million from value-added fisheries and $200 million to $205 million from the date sector, while regional partners like Oman gain a highly efficient route to access Central Asian economies.

In 2024, Pakistan’s exports to Oman totalled $224 million, and the minister stressed that the new ferry service, alongside upgraded port infrastructure and strengthened bilateral cooperation, could substantially increase this figure.

Pakistan has already issued its first-ever international ferry service license, paving the way for licensed passenger ferry operations between Pakistan and countries in the Gulf Cooperation Council, including Oman, the United Arab Emirates, Bahrain, and Iran.

“This licensing framework is expected to provide regulatory clarity and encourage private-sector participation in the ferry operations, boosting maritime trade and connectivity in the region,” read the statement.

Chaudhry also highlighted the role of the Pakistani diaspora in Oman, estimating that approximately 250,000 to 320,000 Pakistanis resided there as of the end of 2024.

He noted that when including all categories of workers, this number could reach around 360,000, depending on definitions of residency and employment.

“Strengthening the ferry link is expected to facilitate travel for these communities, enabling easier personal and business connections between the two countries,” he said.

Share15Tweet10Send
Previous Post

PPL announces hydrocarbon discovery in Sindh

Next Post

DW’s Anooshay Abid breaks down global media shifts at Beyond News Conference

Related Posts

Sindh Bank posts record pre-tax profit of Rs6.37bn
Business & Finance

Sindh Bank posts record pre-tax profit of Rs6.37bn

April 7, 2026
Govt decides to repay USD2bn to UAE
Business & Finance

Govt decides to repay USD2bn to UAE

April 4, 2026
No war-related surcharges on in-transit or alternate route shipments, agents confirm
Business & Finance

No war-related surcharges on in-transit or alternate route shipments, agents confirm

April 4, 2026
Pakistan pushes climate–commerce integration to secure food supply system
Business & Finance

Pakistan pushes climate–commerce integration to secure food supply system

April 5, 2026
Requirements for PDCs: Ogra directive perturbs OMCs
Business & Finance

Requirements for PDCs: Ogra directive perturbs OMCs

April 5, 2026
Resolution to petroleum dealers’ commission issue after war situation stabilises: Minister
Business & Finance

Resolution to petroleum dealers’ commission issue after war situation stabilises: Minister

April 5, 2026

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    127 shares
    Share 51 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    55 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    49 shares
    Share 20 Tweet 12
  • Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

    49 shares
    Share 20 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.