Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Gwadar-Oman ferry approved to boost trade & travel

byCT Report
14/11/2025
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: The federal cabinet has approved a passenger and cargo ferry service between Gwadar, Pakistan, and Oman, announced Federal Minister Muhammad Junaid Anwar Chaudhry. Both countries will soon sign a Memorandum of Understanding (MoU) to formalize the service. An Omani delegation is expected to visit Pakistan to finalize arrangements.

The initiative follows a high-level meeting in July 2025 between Chaudhry and Oman’s Ambassador Fahad bin Sulaiman bin Khalaf Al Kharusi. Both sides discussed enhancing economic and maritime cooperation, aiming to strengthen trade links and connectivity. Pakistan is projected to earn $10–15 billion annually from maritime operations linked to the proposed ferry service.

You might also like

AJK tax return filing deadline extended to November 30, 2026

26/10/2026

Chinese business delegation vows deeper trade, joint ventures with Pakistan

26/10/2026

Gwadar’s annual export revenue is expected to exceed $850 million, driven by $645 million from fisheries and $200–205 million from the date sector. The new ferry route will provide Oman with faster access to Central Asian markets, while boosting bilateral trade and regional economic ties. Exports to Oman reached $224 million in 2024, and officials expect the ferry service to increase this figure significantly.

Pakistan has issued its first-ever international ferry license, paving the way for private operators to run passenger ferries to Gulf countries, including Oman, UAE, Bahrain, and Iran. The licensing framework aims to provide regulatory clarity, attract private investment, and improve regional maritime trade and connectivity.

The minister highlighted the role of the Pakistani diaspora in Oman, estimated at 250,000–320,000 people, potentially reaching 360,000 including all categories of workers. The ferry link will ease travel, strengthen personal and business connections, and support bilateral economic collaboration between the two countries.

Related Stories

AJK tax return filing deadline extended to November 30, 2026

byCT Report
26/10/2026

MIRPUR: Taxpayers in Azad Jammu and Kashmir (AJK) have been given additional time to file their income tax returns for...

Chinese business delegation vows deeper trade, joint ventures with Pakistan

byCT Report
26/10/2026

BEIJING: A high-level Chinese business delegation visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Capital Office in...

Iran denies closing border with Pakistan, blames import documentation changes for LPG trade disruption

byCT Report
26/10/2026

TEHRAN: Iran has denied reports that it has closed its border with Pakistan, saying there are no restrictions on exports...

Govt plans new cosmetics law to curb smuggling

byCT Report
26/10/2026

LAHORE: The Senate Standing Committee on Science and Technology has directed the Pakistan Cosmetics Manufacturers Association (PCMA) to register itself...

Next Post

RDA inflows rise to $11.313b in Oct 2025

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.