KARACHI: Pakistan’s Planning Minister Ahsan Iqbal said on Monday that the India Ocean should not be made a “rivalry playground” and it should rather serve as a “center of opportunities” for all nations as he addressed the concluding session of the AMAN Dialogue at the AMAN-2025 naval exercise in Karachi.
The Indian Ocean, which represents the crossroads of global oil markets, has been the site of geopolitical competition between major powers, including India, China and the United States, which involve economic, military, and political factors.
The US has expanded defense ties with India in recent years and frequently conducted Freedom of Navigation Operations (FONOPS) in the Indian Ocean, especially in areas around India, as part of its strategic partnership with the country, in a bid to counter China’s growing maritime assertiveness in the region.
China, which commands the world’s largest naval force with more than 370 ships, has developed ports and bases across the Indian Ocean, including in Gwadar in Pakistan, Sri Lanka’s Hambantota, and Djibouti in Africa, to promote its trade interests.
“Pakistan prefers collaboration over confrontation and trade over tensions,” Iqbal said at the concluding session of the AMAN Dialogue. “Indian Ocean should not be the center of tensions and strategic contention, rather it should be a center of opportunities and shared progress.”
The dialogue, hosted by Pakistan on Feb. 9-10 as part of AMAN-2025 naval exercise, focused on security challenges in the Indian Ocean, including strategic competition, piracy, narco-trafficking, non-state actors, resource exploitation, climate change, emerging technologies such as AI and unmanned systems, the blue economy and the need for global collaboration to ensure stability and prosperity.
It brought together chiefs of navies, coast guards and defense forces from several nations, with an aim to provide them an opportunity to exchange views on global and regional security and adopt innovative solutions.
Iqbal called the AMAN Dialogue an example of mutual trust and shared prosperity, which signified Pakistan’s commitment toward peaceful maritime sector. He hoped that relations forged at the forum would turn into longstanding partnerships for the betterment of global maritime sector and yield results in shared progress.
Pakistan Navy has conducted the AMAN maritime exercise every two years since 2007 under the theme “Together for Peace,” involving ships, aircraft and special operations forces. Naval troops and special forces from more than 60 countries have been taking part in this year’s exercise, being held on Feb. 7-11.
Indian Ocean should not be ‘rivalry playground,’ Pakistan says at Aman-25 naval exercise
https://arab.news/m86ag
Indian Ocean should not be ‘rivalry playground,’ Pakistan says at Aman-25 naval exercise
- The Indian Ocean, which represents crossroads of global oil markets, has been the site of geopolitical competition between major powers
- Pakistan Planning Minister Ahsan Iqbal says Islamabad prefers collaboration over confrontation and trade over tensions in the Indian Ocean
Pakistan raises fuel prices by Rs55 per liter as Middle East conflict drives oil surge
- Government says adequate fuel stocks in place despite global energy shock
- Oil prices jump from about $78 to over $106 per barrel amid regional conflict
ISLAMABAD: Pakistan on Friday increased petrol and diesel prices by Rs55 ($0.20) per liter each as escalating conflict in the Middle East sent global oil prices sharply higher and disrupted energy supply routes, officials said.
Global oil markets have been rattled since coordinated strikes by the United States and Israel against Iran began last week, triggering retaliatory attacks across the region, raising fears of disruption to key energy shipping routes and pushing petroleum prices sharply upward.
The price adjustment in Pakistan was announced after a joint press conference by Finance Minister Muhammad Aurangzeb, Deputy Prime Minister and Foreign Minister Ishaq Dar and Petroleum Minister Ali Pervaiz Malik, who said the government was monitoring international energy markets and domestic supply conditions amid the crisis.
“So, the decision we have made by changing the levy a little bit is that we are going ahead with increasing the price of both fuels, petrol and diesel, by Rs55 ($0.20),” Malik told reporters.
“And as soon as this matter settles, we will revise the prices downward with the same speed and take steps on how to increase people’s income and purchasing power.”
He said Pakistan entered the crisis with “comfortable energy reserves” due to earlier planning but rising global prices had forced the government to adjust domestic fuel rates to maintain supply continuity.
He said international petrol prices had climbed from roughly $78 per barrel on March 1 to around $106.8 per barrel, while diesel prices had risen to about $150 per barrel.
Malik added that the government had taken steps to minimize the burden on consumers, noting diesel plays a critical role in agriculture, transportation and public mobility.
Malik also warned that authorities would take strict action against anyone attempting to hoard fuel or manipulate supply for profiteering.
The minister said Pakistan was working with international partners to secure additional energy supplies, including arrangements with Saudi Aramco and the use of Pakistan National Shipping Corporation vessels to transport crude oil imports.
Finance Minister Aurangzeb said a high-level government committee formed by Prime Minister Shehbaz Sharif had been meeting daily to review developments in global petroleum markets and their potential impact on Pakistan’s economy.
“Pakistan currently maintains adequate energy stocks and macroeconomic stability,” Aurangzeb said, adding that the government’s response was based on preparedness rather than panic.
He said the committee, which includes senior ministers, the governor of the State Bank of Pakistan and other officials, was assessing short-, medium- and long-term implications of the crisis for inflation, foreign exchange reserves and broader economic indicators.
Deputy PM Dar said the regional conflict had significantly disrupted global energy markets, with international petroleum prices rising by as much as 50–70 percent in recent days.
The deputy prime minister added that Pakistan was also engaged in diplomatic efforts aimed at de-escalating tensions and restoring stability in the region.
Petroleum prices will now be reviewed more frequently, potentially on a weekly basis, and any reduction in global oil prices would be passed on to consumers.
Pakistan, which relies heavily on imported fuel to meet its energy needs, is particularly vulnerable to global oil price shocks that can quickly feed into inflation and pressure the country’s external accounts.
