Assessing the adequacy of Pakistan's maritime arbitration mechanism in accordance with international standards: a comprehansive analysis

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.