Close Menu
    Facebook Instagram WhatsApp
    Trending
    • Pakistan’s refinery sector posts robust 13% growth in March 2026
    • OMCs raises concerns in response to OGRA Directive on procurement of Mobile Devices
    • Pakistan’s petrol hits Rs458, diesel jumps to Rs520 as fuel prices hit all-time highs
    • Pakistan’s economy expands 3.89% in Q2, industry leads recovery
    • Islamabad Airport becomes Pakistan’s first to offer 5G internet
    • Pakistan’s digital economy could contribute 7% of GDP by 2030, OICCI report says
    • OMCs seek clarity on OGRA audit plan for fuel stocks
    • OGRA plan may hit OMCs with Rs7.4bn cash crunch
    Facebook WhatsApp
    Friday, April 3
    Finance Pakistan
    Follow
    • Latest

      Pakistan’s refinery sector posts robust 13% growth in March 2026

      April 3, 2026

      OMCs raises concerns in response to OGRA Directive on procurement of Mobile Devices

      April 3, 2026

      Pakistan’s petrol hits Rs458, diesel jumps to Rs520 as fuel prices hit all-time highs

      April 2, 2026

      Pakistan’s economy expands 3.89% in Q2, industry leads recovery

      April 2, 2026

      Islamabad Airport becomes Pakistan’s first to offer 5G internet

      April 2, 2026
    • Pakistan

      Imran Khan Names Aliya Hamza Head of PTI Punjab Political Committee

      May 31, 2025

      Senate Committee Examines Electronic Voting System for Overseas Pakistanis

      May 31, 2025

      Imran Khan Signals Willingness for Dialogue and Calls for Direct Talks with Establishment

      May 31, 2025

      Zardari Calls for Dialogue to Strengthen Democracy and Institutions

      May 31, 2025

      International Airlines Resume Flights Over Pakistan While Indian Carriers Stay Banned

      May 31, 2025
    • Business

      Pakistani Rupee Undervalued with Fair Value at 249 per US Dollar, Says Report

      May 31, 2025

      PSX Rally Continues as KSE-100 Nears 120000 Mark on Broad Sector Gains

      May 30, 2025

      Pakistan Stock Exchange Nears 119,000 on Global Boost and Budget Optimism

      May 29, 2025

      KP Faces Fresh Controversy Over Rs33 Billion Solar Project Amid Pricing and Tender Irregularities

      May 28, 2025

      PSX Recovers Slightly After Sharp Drop Gains 112 Points Amid Cautious Trading

      May 27, 2025
    • Tech

      Elon Musk’s company SpaceX to launch space-based mobile call service

      January 2, 2025
    • Sports

      Haris Rauf Shines in ESPN Cricinfo’s Selection of ODI Team 2024

      January 1, 2025
    • Entertainment
    • World

      China Backs Dialogue and Mediation for Peaceful Resolution of International Disputes

      May 31, 2025

      China Says Its Export Controls Follow International Norms and Are Not Targeted

      May 31, 2025

      Chinese Foreign Minister Urges Building China Pacific Island Countries Community with Shared Future

      May 30, 2025

      Prince William’s Private Trips Reveal Commitment to Duchy Amid Growing Royal Duties

      May 30, 2025

      Chinese Foreign Minister and Tonga’s Crown Prince Emphasize Strong Bilateral Ties and Mutual Support

      May 29, 2025
    Follow
    Facebook WhatsApp
    Finance Pakistan
    • Latest
    • Pakistan
    • Business
    • Tech
    • Sports
    • Entertainment
    • World

    Pakistan charts course for $100bn blue economy by 2047: Junaid Chaudhry

    Latest November 6, 20250 Views
    Facebook WhatsApp LinkedIn Telegram Copy Link
    Pakistan charts course for $100bn blue economy by 2047: Junaid Chaudhry
    Share
    Facebook WhatsApp LinkedIn Telegram Copy Link

    Pakistan charts course for $100bn blue economy by 2047: Junaid Chaudhry

    Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has said that Pakistan’s long underutilized seas are now central to the nation’s economic transformation and climate-resilient maritime growth agenda.

    Speaking at the closing ceremony of the Pakistan International Maritime Exhibition and Conference (PIMEC) 2025, the flagship event of Pakistan Maritime Week, the minister reaffirmed the government’s commitment to turning Pakistan into a strong, connected, and sustainable maritime nation. He said that PIMEC 2025 was more than an exhibition and represented a declaration of Pakistan’s maritime intent, noting that it attracted international partners, investors, and experts exploring opportunities across the blue economy, including shipping, fisheries, logistics, shipbuilding, and digital transformation.

    Highlighting recent progress, Chaudhry said the Pakistan National Shipping Corporation (PNSC) fleet had expanded from 10 to 12 ships, with three more expected to arrive within two months. He added that tenders for 12 additional vessels were already in process, as part of plans to increase the national fleet to 30 ships by 2026 and 60 within three years. The minister also announced that the government had granted a licence to the first-ever private company to operate ferry services, marking a major step toward cleaner and more sustainable maritime mobility.

    Unveiling new initiatives, Junaid Chaudhry said Pakistan’s first Green Ship Repair and Recycling Yard would be established at Port Qasim under the “Sea to Steel Integrated Maritime Industrial Complex,” a project that would also support the revival of Pakistan Steel Mills. He said a Rs 12 billion investment was underway to modernize the Gaddani Ship Recycling Yard in line with the Hong Kong Convention environmental standards. The minister added that the National Fisheries and Aquaculture Policy 2025–2035 had been finalized, targeting a doubling of fisheries exports within a year. A Maritime Education Endowment Fund had also been created, and the Pakistan Marine Academy would be upgraded into a full-fledged Maritime University to train the next generation of seafarers.

    Outlining his long-term vision, the minister said Pakistan’s “Maritime Century (2047–2147)” would rest on developing three new deep-sea ports, expanding the national shipping fleet, establishing AI-enabled maritime industrial complexes for shipbuilding and recycling, producing “Made-in-Pakistan” ships, achieving 100 percent green digital ports with multimodal connectivity, and leading regional maritime cooperation for peace and shared prosperity. “The sea is our next frontier for trade, prosperity, energy, food, and climate resilience,” he said, adding that by 2047, Pakistan aims to emerge as a global blue economy hub driving sustainable growth across the North Arabian Sea and Indian Ocean.

    Chaudhry emphasized Pakistan’s strategic location at the crossroads of South Asia, Central Asia, the Middle East, and East Africa, describing it as a natural maritime gateway for regional trade. He said that under the Prime Minister’s guidance, the Ministry of Maritime Affairs was implementing the “Maritime @100” vision, a $100 billion blue economy plan to coincide with Pakistan’s centenary in 2047. Concluding his address, he called for renewed regional cooperation and innovation, saying that Pakistan’s future “lies in the sea — from Gwadar to the global ocean.”

     

    The post Pakistan charts course for $100bn blue economy by 2047: Junaid Chaudhry appeared first on Profit by Pakistan Today.

    Follow on Facebook Follow on WhatsApp
    Share. Facebook WhatsApp Telegram LinkedIn Copy Link
    Previous ArticlePakistan, Iran vow to deepen parliamentary and economic cooperation
    Next Article Punjab sugarcane yields surpass global average at 745 maunds per acre
    Add A Comment

    Comments are closed.

    Gold Price in Pakistan

    1 Tola Gold: Rs. 2,99,600

    See Details
    You may Like

    Pakistan’s refinery sector posts robust 13% growth in March 2026

    Latest

    OMCs raises concerns in response to OGRA Directive on procurement of Mobile Devices

    April 3, 2026

    Pakistan’s petrol hits Rs458, diesel jumps to Rs520 as fuel prices hit all-time highs

    April 2, 2026

    Pakistan’s economy expands 3.89% in Q2, industry leads recovery

    April 2, 2026

    Islamabad Airport becomes Pakistan’s first to offer 5G internet

    April 2, 2026
    © 2026 Finance Pakistan | Developed By Webmicron.
    • Terms
    • Contact Us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.