Gwadar Port gains strategic weight amid Hormuz crisis

GWADAR: Amid rising tensions in the Strait of Hormuz, the strategic importance of Gwadar Port has significantly increased due to its shorter access routes to Iran and Central Asia, along with investor-friendly incentives such as tax exemptions, free storage facilities, and modern infrastructure. This was stated by Gwadar Port Authority (GPA) Chairman Noorul Haq Baloch during a meeting with members of the All Pakistan Shipping Association (APSA) in Karachi. He said the port is increasingly being...