Abstract:
Presently, Pakistan's maritime arbitration framework appears detached from the international
regimen that governs global maritime commerce. This lack of harmony not only casts
uncertainty over dispute resolution but also acts as an anchor, preventing Pakistan from sailing
into the lucrative waters of international maritime business.
One primary concern is the misalignment with globally accepted protocols and conventions
which fosters a climate of scepticism among international maritime entities. The apprehension
of engaging in commercial ventures where dispute resolution mechanisms are perceived as
inefficient or parochial can divert business to nations with more robust frameworks, like
Singapore renowned for its exemplary maritime arbitration practices. As a case study,
Singapore’s success story offers invaluable insights into the economic boons that accompany
a streamlined arbitration process coordinated with global standards.
A close examination of Singapore’s maritime arbitration architecture uncovers several
principles Pakistan might emulate. Singapore’s alignment with the UNCITRAL Model Law on
International Commercial Arbitration and its adoption of internationally recognized arbitration
rules underpin its status as a premier global maritime hub. These factors contribute to an
environment that instils confidence among international stakeholders, knowing that disputes
will be adjudicated with impartiality and expertise.
