Punjab unveils Rs50b shrimp farming expansion plan
The Punjab government has launched an expansive Rs50 billion plan to scale up shrimp farming across the province, aiming to transform the sector into a major contributor to the local economy and export earnings.
Key components of the initiative include the development of a model fish market in Lahore and three state-of-the-art shrimp value chain estates in South Punjab's Muzaffargarh district.
According to the Department of Fisheries, a 3,000-acre shrimp farming site will be established in Rakh Ali Wala, Muzaffargarh, with an initial investment of Rs10 billion.
Additionally, value chain estates in Head Muhammad Wala, Rakh Ali Wala, and Shahgarh will be developed at a combined cost of Rs40 billion. The Punjab government has earmarked Rs3 billion in the upcoming fiscal budget to initiate these projects.
Deputy Director of Fisheries Tayyab Rizwan stated that the value chain estates will be fully integrated, featuring hatcheries, feed mills, and shrimp processing plants.
These facilities are expected to not only enhance shrimp production but also generate employment and stimulate seafood exports.
In Lahore, the government plans to construct a modern model fish market at a projected cost of Rs10 billion.
The facility will include cold storage, value addition units, and a streamlined supply chain network to improve market access for fish and shrimp farmers. An initial budget allocation of Rs848.6 million has been approved to commence construction.
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Express Tribune
8 hours ago
- Express Tribune
Punjab unveils Rs50b shrimp farming expansion plan
The Punjab government has launched an expansive Rs50 billion plan to scale up shrimp farming across the province, aiming to transform the sector into a major contributor to the local economy and export earnings. Key components of the initiative include the development of a model fish market in Lahore and three state-of-the-art shrimp value chain estates in South Punjab's Muzaffargarh district. According to the Department of Fisheries, a 3,000-acre shrimp farming site will be established in Rakh Ali Wala, Muzaffargarh, with an initial investment of Rs10 billion. Additionally, value chain estates in Head Muhammad Wala, Rakh Ali Wala, and Shahgarh will be developed at a combined cost of Rs40 billion. The Punjab government has earmarked Rs3 billion in the upcoming fiscal budget to initiate these projects. Deputy Director of Fisheries Tayyab Rizwan stated that the value chain estates will be fully integrated, featuring hatcheries, feed mills, and shrimp processing plants. These facilities are expected to not only enhance shrimp production but also generate employment and stimulate seafood exports. In Lahore, the government plans to construct a modern model fish market at a projected cost of Rs10 billion. The facility will include cold storage, value addition units, and a streamlined supply chain network to improve market access for fish and shrimp farmers. An initial budget allocation of Rs848.6 million has been approved to commence construction.
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