This report analyzes the pressing need for an agreement between the Indian and Pakistani navies to prevent unintended escalation at sea, particularly given their increasing modernization and nuclear capabilities. The document highlights the persistent adversarial relationship despite a lack of major conflict since 1971 and discusses the rising risks associated with naval incidents, especially in the context of nuclearization. While bilateral agreements currently appear unlikely due to strained diplomatic ties, the report explores the potential of multilateral forums, such as the Indian Ocean Naval Symposium, to foster dialogue and establish crucial maritime safety protocols and specific guidelines for managing hostile encounters. Ultimately, the paper recommends focusing on nuclear risk reduction in any future agreement to enhance its political viability.