Gwadar rising? |
COULD the Middle East conflict prove to be a boon for the Gwadar port? Islamabad’s push to position Gwadar as a ‘regional trade hub’ at this moment is driven by the geopolitical situation. The crisis has raised questions over the security of traditional maritime routes in the Gulf, forcing shipping companies to consider the value of alternative corridors. Although the Strait of Hormuz remains indispensable to global energy trade, rising risks inevitably encourage businesses to diversify supply chains and seek alternative transit points. Pakistan is attempting to present Gwadar as one such alternative — an uncongested deep-sea port located........