Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Friday said that Pakistan welcomed the decision of the Lloyd’s Market Association’s Joint War Committee (JWC) to remove Pakistan from its Listed Areas for war risk insurance.
“This important milestone, achieved through the concerted efforts of the Government of Pakistan, ably coordinated by our High Commission in London, reflects growing international confidence in Pakistan,” the deputy prime minister wrote on his official X handle.
He also appreciated Lloyd’s for its constructive engagement throughout the process.
“This decision is expected to lower shipping and insurance costs, facilitate trade, and support our economic growth. Alhamdulillah,” the DPM/FM added.
