Pakistan launches first ‘global-standard’ bunkering service at Karachi Port

Shipping containers are stacked at the Karachi port area in Karachi, Pakistan, on July 31, 2025. (REUTERS/File)
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Updated 18 November 2025
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Pakistan launches first ‘global-standard’ bunkering service at Karachi Port

  • Pakistan expects regulated ship-fueling to attract more international vessels and boost maritime revenues
  • New bunkering regime aims to align Karachi Port with global safety, fuel-quality and operational standards

KARACHI: Pakistan has launched standardized, international-grade bunkering operations at Karachi Port for the first time, the Ministry of Maritime Affairs said on Tuesday, marking a major step toward modernizing the country’s maritime services and aligning its ports with global shipping standards.

Bunkering, which is the refueling of ships with marine fuels such as oil and gas, is a critical component of global maritime logistics. International ports offering regulated, safe and efficiently managed bunkering are able to attract more vessel traffic, shorten port calls, reduce operational risks and expand commercial services ranging from repairs to maritime supply chains. 

Until now, Pakistan’s largest harbor, Karachi Port, had not offered a bunkering service that met global operational and safety benchmarks, placing it at a competitive disadvantage compared with regional hubs in the Middle East and South Asia.

Pakistan, whose coastline sits along key trade routes linking the Middle East, Africa and Asia, has been seeking to upgrade port facilities as part of broader efforts to boost foreign-exchange earnings, strengthen logistics competitiveness and capture a larger share of regional shipping activity. The introduction of regulated bunkering is widely viewed by maritime analysts as a foundational service required of any port aiming to function as a serious commercial hub.

“The move brings Pakistan’s largest port in line with global maritime safety and operational standards, a step long viewed as essential for improving country’s standing in the regional shipping market,” Federal Maritime Minister Muhammad Junaid Anwar Chaudhry said in a statement released by his office. 

“The introduction of regulated bunkering would remove a long-standing gap in Karachi Port’s service offering, enabling it to compete more effectively with established bunkering hubs in the region and the wider area,” the statement added.

According to the ministry, regulated bunkering is expected to attract more international shipping lines.

“The availability of safe, reliable and efficiently managed bunkering facilities is expected to draw more international shipping lines to Karachi, particularly operators seeking streamlined port calls and predictable service standards,” the statement said.

Chaudhry said increased vessel traffic would generate higher foreign-exchange earnings through port fees, marine services and ancillary commercial activity, including repairs, supplies and maritime logistics. The resulting rise in operational activity is also expected to stimulate employment across multiple layers of Pakistan’s maritime economy.

The minister said the new service would enhance Pakistan’s visibility in the international maritime market by demonstrating the country’s commitment to modern, environmentally responsible and globally competitive port management. He added that compliance with international standards covering fuel quality, safety procedures, documentation and transparency was essential to building confidence among shipowners and global trading companies.

In its first phase, operations will begin in partnership with a leading global energy trading house using certified international practices. The statement said the service would expand as domestic refineries increase supplies of refined fuel meeting global specifications, calling the development “a direct benefit to the national exchequer.”

Karachi Port Trust had reviewed global procedures, drafted new documentation and engaged stakeholders to operationalize the service, the ministry said, adding that the milestone “reinforces KPT’s ambition to operate as a leading regional hub” and signals Pakistan’s commitment to “expanding port capabilities in line with international benchmarks.”


Pakistan’s Senate passes bill to regulate virtual assets, protect investors

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Pakistan’s Senate passes bill to regulate virtual assets, protect investors

  • PVARA chairman terms the approval of bill a ‘defining moment’ for Pakistan’s digital economy
  • Senator says Pakistan will soon be trading major crypto coins such as Bitcoin, Ethereum, XRP

ISLAMABAD: The Senate, the upper house of Pakistan parliament, has passed the Virtual Assets Bill 2026 that paves the way for regulation and supervision of the digital assets sector to protect investors, the Pakistan Virtual Assets Regulatory Authority (PVARA) said on Friday. 

Pakistan has in recent months stepped up efforts to draft rules for regulating the fast-expanding market for digital coins and tokens, requiring virtual asset service providers to secure government approval. Islamabad’s move to embrace digital currency marks a significant policy shift as it had banned cryptocurrency in 2018, citing financial risks.

PVARA will oversee the registration and licensing of virtual asset exchanges, custodians and other service providers, according to the bill. It will set conduct of business requirements, enforce customer protection safeguards and implement measures to combat money-laundering and financial crime.

“The passage of this bill through the Senate represents a defining moment for Pakistan’s digital economy,” PVARA quoted its Chairman Bilal bin Saqib as saying. “We are transforming years of unregulated activity into a transparent, secure, and investor-friendly ecosystem that positions Pakistan as a credible jurisdiction for virtual assets.”

The legislation introduces regulatory provisions, including mandatory licensing for virtual asset service providers, market surveillance mechanisms, anti-money laundering and counter-terrorism financing compliance, and coordination with Pakistani financial regulators, including the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan.

The bill establishes a formal legal framework empowering PVARA to oversee virtual asset service providers and seeks to enhance market transparency by aligning the country’s digital asset regime with international standards. It will now be sent to the National Assembly, lower house of parliament, for approval before being submitted to President Asif Ali Zardari for its enactment into law.

Pakistan ranks among the world’s largest cryptocurrency markets by adoption, with millions of citizens actively engaged in virtual assets. PVARA said the Virtual Assets Bill 2026 provides a legal foundation to channel this organic growth into a regulated framework.

On Wednesday, Dr. Afnanullah Khan, a Pakistani senator from the ruling party, said major crypto coins such as Bitcoin, Ethereum and XRP will soon be traded in Pakistan through crypto exchanges.

Last week, Pakistan launched a crypto testing framework called the “regulatory sandbox” to regulate digital assets, allowing firms to trial new products and services under official supervision. The initiative creates a controlled environment where companies can test crypto-related services under the oversight of PVARA before full-scale approval.

In January, Pakistan signed a memorandum of understanding with a company affiliated with World Liberty Financial, a crypto-based finance platform launched in September 2024 and linked to US President Donald Trump’s family, to explore the use of a dollar-linked Stablecoin for cross-border payments. Stablecoins are cryptocurrencies pegged to a fiat currency to maintain a stable value.