Pakistan plans to build $10.5 million aquaculture park to promote seafood exports
According to the World Bank, the blue economy is defined as sustainable use of ocean resources for economic growth, improving livelihoods and creating jobs, while preserving the ocean ecosystem health.
Pakistan has been pushing to modernize its port infrastructure and expand its role in regional trade by improving cargo handling, digitalizing port operations and encouraging public-private partnerships.
Speaking at a meeting to review progress on blue economy, Chaudhry said this new aquaculture park will be built on 120 acres and directed the Qur'angi Fish Harbor Authority to submit its report within 10 days.
'Pakistani coastal waters are very suitable for aquaculture,' he said in a statement shared by the maritime affairs ministry. 'The project will be built under a public-private partnership and the park will boost seafood exports.
Pakistan's fish and fish preparation exports reached $465.4 million in the outgoing fiscal year that ended in June, according to official data. The exports were up 13.4 percent from $410.3 million in the previous year.
Authorities are currently trying to enhance the potential of Pakistan's fisheries, logistics and marine services while reducing environmental harm.
'Investment in aquaculture and port infrastructure is essential for national development,' Chaudhry told representatives of Gwadar Port, Qur'angi Fish Harbor, Marine Fisheries and Balochistan Chambers of Commerce and Industry at the meeting.
'The same aquaculture model will be implemented in Balochistan as well.'
In May, the Pakistani government announced the creation of a new Maritime Chamber of Commerce and Industry (MCCI), saying it would serve as a specialized platform for uniting stakeholders from across the maritime spectrum to pursue greener policies and long-term economic resilience.
'This chamber will not only support investment and innovation in the maritime sector but also prioritize sustainability at ports, promote green technologies and foster carbon reduction strategies,' Chaudhry said at the time.
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