{"id":20703,"date":"2025-06-18T08:11:07","date_gmt":"2025-06-18T08:11:07","guid":{"rendered":"https:\/\/gsrra.com\/?p=20703"},"modified":"2025-09-23T13:06:10","modified_gmt":"2025-09-23T13:06:10","slug":"national-effort-vital-to-unlock-blue-economys-vast-potential-says-pm-shehbaz","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=20703","title":{"rendered":"National effort vital to unlock blue economy\u2019s vast potential, says PM Shehbaz"},"content":{"rendered":"\n

Premier says even tapping fraction of this economy could be real game-changer<\/em><\/strong><\/p>\n\n\n\n

\"Prime
Prime Minister Shehbaz Sharif at soft launch of the 2nd Pakistan International Maritime Expo and Conference in Islamabad, June 16, 2025. \u2014 PID<\/figcaption><\/figure>\n\n\n\n

Prime Minister Shehbaz Sharif on Monday called for a unified national effort to tap into the immense potential of Pakistan\u2019s blue economy, describing it as the country’s \u201cnew economic frontier\u201d with promising opportunities for sustainable growth and development.<\/p>\n\n\n\n

Speaking at the soft launch of the 2nd Pakistan International Maritime Expo and Conference (PIMEC 2025), the prime minister laid out the vision for transforming Pakistan into a regional maritime powerhouse.<\/p>\n\n\n\n

“It is a great pleasure to see the Pakistan Navy, under the patronage of the Ministry of Maritime Affairs and in collaboration with key partners, organising the second edition of PIMEC,\u201d said the prime minister.<\/p>\n\n\n\n

He lauded the leadership of Naval Chief Admiral Naveed Ashraf and Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry for their strategic foresight and dedication in steering this important initiative.<\/p>\n\n\n\n

Highlighting the critical role of the Navy in national defence and regional security, he said, \u201cThe Pakistan Navy has been a formidable force through all conflicts and remains a strong pillar of our national security.\u201d<\/p>\n\n\n\n

Reaffirming Pakistan\u2019s commitment to international peace and maritime law, he cited the AMAN Exercise, featuring participation from over 50 countries, as a symbol of Pakistan\u2019s global engagement and cooperative maritime posture.<\/p>\n\n\n\n

With over 1,000 kilometres of coastline and a position at the crossroads of vital sea lanes, Pakistan, the premier said, was uniquely positioned to harness the trillion-dollar global blue economy.<\/p>\n\n\n\n

\u201cEven tapping a fraction of this economy could be a real game-changer,\u201d he asserted.<\/p>\n\n\n\n

\u201cOur coastal trade already brings in nearly $7 billion a year and just imagine the potential if we fully develop this sector,\u201d he added.<\/p>\n\n\n\n

He urged the nation to take inspiration from global success stories such as Japan, which rose from limited maritime resources to become a global leader in marine infrastructure and regional trade. \u201cLet there be open competition,\u201d he added, emphasising the importance of resilience, innovation, and strategic investment.<\/p>\n\n\n\n

PM Shehbaz stressed the need to transform Pakistan\u2019s maritime sector into a driver of inclusive, sustainable economic growth while calling for synergy among the public and private sectors. \u201cThe time has come to take the lead,\u201d he said.<\/p>\n\n\n\n

Maritime Affairs Minister Muhammad Junaid outlined the government\u2019s strategic roadmap for the maritime sector. He reaffirmed Pakistan\u2019s commitment to building a vibrant blue economy and introduced the \u201cMaritime at 100\u201d Vision, a long-term plan to grow the sector into a $100 billion economic force by 2047, marking Pakistan\u2019s centennial.<\/p>\n\n\n\n

\u201cPIMEC 2025 will be more than an exhibition; it will be a catalyst for investment, innovation, and regional cooperation,\u201d the Minister told a gathering of policymakers, maritime professionals, and international stakeholders.<\/p>\n\n\n\n

The minister, while underscoring the immense potential of the sector, highlighted key economic drivers such as a Rs88 billion fisheries industry, the Gaddani Ship Recycling Yard, with recovery potential exceeding Rs30 billion, and a strategic location linking global trade routes.<\/p>\n\n\n\n

\u201cThe oceans are not just water bodies; they are economic lifelines. Pakistan must position itself as a regional maritime hub,\u201d he said.<\/p>\n\n\n\n

To guide the sector\u2019s future, the Minister announced that three major policy frameworks National Maritime Policy, the National Shipping Policy, and the National Fisheries and Aquaculture Policy, which were nearing completion and would ensure growth aligned with sustainability and innovation.<\/p>\n\n\n\n

He also announced the creation of a Maritime Chamber of Commerce and Industry, a centralised Maritime Complaint Cell for transparency and efficiency, federal investment of Rs12 billion in the revival of the Gaddani Ship Recycling Yard, acquisition of four new ships for the Pakistan National Shipping Corporation, raising the national fleet to 14 vessels, progress on a major dredging project at Port Qasim, and development of a multi-modal logistics corridor from Gwadar to bolster trade and connectivity.<\/p>\n\n\n\n

Reference Link:- https:\/\/www.thenews.com.pk\/latest\/1321861-national-effort-vital-to-unlock-blue-economys-vast-potential-says-pm-shehbaz<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Premier says even tapping fraction of this economy could be real game-changer Prime Minister Shehbaz Sharif on Monday called for a unified national effort to tap into the immense potential of Pakistan\u2019s blue economy, describing it as the country’s \u201cnew economic frontier\u201d with promising opportunities for sustainable growth and development. Speaking at the soft launch […]<\/p>\n","protected":false},"author":1,"featured_media":20704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[8387,132,3472,20272,20271,36,20269,4077,20273],"class_list":["post-20703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-blue-economy","tag-economy","tag-game-changer","tag-national-effort-vital-to-unlock-blue-economys-vast-potential","tag-national-efforts","tag-pakistan","tag-potential-of-blue-economy","tag-pm","tag-says-pm-shehbaz"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/20703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20703"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/20703\/revisions"}],"predecessor-version":[{"id":20705,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/20703\/revisions\/20705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/20704"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}