Pakistan removed from Lloyd's War Risk List, says Navy

ISLAMABAD: Pakistan has been removed from the Joint War Committee (JWC) of Lloyd's, London's Hull War, Piracy, Terrorism and Related Perils Listed Areas, ending more than a decade of war risk listing for Pakistani ports, according to the Pakistan Navy.

In a statement posted on X, the Pakistan Navy said the decision will reduce insurance costs and improve the competitiveness of Pakistan's maritime trade.

The statement said that during his official visit to the United Kingdom, Chief of the Naval Staff Admiral Naveed Ashraf held engagements with the Joint War Committee and the Lloyd's Market Association, where he presented Pakistan's maritime security case.

According to the Pakistan Navy, the decision strengthens international confidence in Pakistan's maritime domain.