Govt Fast-Tracks Ferry Licenses to Boost Blue Economy
The federal government has fast-tracked ferry licenses to revive long-delayed sea travel routes. Licenses will now be issued within seven days. As a result, ferry services may soon operate from Pakistan to regional destinations.
Maritime Affairs Minister Junaid Anwar Chaudhry shared the update in Karachi. He spoke during a meeting with the Korangi Association of Trade and Industry. Moreover, he confirmed that Iran and Yemen have shown interest in ferry operations.
Focus on blue economy and fisheries
The minister said strengthening the blue economy remains a top priority. He highlighted renewed focus on fisheries and marine exports. For example, Pakistan has confirmed export orders of 25,000 tonnes of tuna this year.
He encouraged KATI members to form business consortia. These groups could establish modern fish processing plants. Therefore, private investment could increase value addition and job creation.
Chaudhry stressed that deeper industry participation would boost exports. In addition, it would help Pakistan compete in global seafood markets. He assured investors of full support from his ministry.
Investment opportunities and private leadership
The minister revealed that authorities cleared 180 acres of Karachi Port Trust land. The land was previously encroached upon. Now, it can host industrial units and export-focused facilities.
He explained that the reclaimed land offers strong investment potential. As a result, it could attract local and foreign investors. Processing plants and logistics hubs may also emerge.
Chaudhry said the government prefers the private sector to lead projects. He noted that businesses often earn far more than the state. Therefore, public-private cooperation benefits everyone.
He also promised direct engagement with investors. He said he would personally follow up on blue economy initiatives. This approach aims to speed up decision-making.
Earlier, KATI President Ikram Rajput raised concerns about seafood export restrictions. He said compliance issues limit access to key markets. However, resolving them could unlock over one billion dollars in trade.
